Stablecoin issuer Circle is extending its playbook beyond fiat to BTC, announcing the launch a new wrapped BTC offering designed for institutional markets.
What’s the Scoop?
-
New Offering: Circle today announced the launch of Circle Wrapped Bitcoin (ticker symbol: cirBTC), a new tokenized BTC product targeted to institutional users. Each cirBTC will be fully backed by native BTC, with reserves transparently verifiable onchain in real time.
-
Integrated Support: cirBTC will utilize the same proven infrastructure that powers Circle’s existing offerings (USDC, EURC, and USYC). It will also receive first-class support within the Circle ecosystem, with seamless integrations with USDC, Arc, and Circle Mint, producing a unified Circle-native stack.
-
Multichain Launch: Multichain cirBTC will support crosschain usage and mobility, with an initial launch slated for Ethereum and Arc.