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Circle Annonces Impending Launch of Wrapped Bitcoin Product, cirBTC
The stablecoin issuer's latest offering will be backed 1:1 by BTC, with reserves be readily and independently verifiable onchain.
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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.
cirBTC is coming. We are bringing the same infra that supports USDC, EURC and USYC to the largest digital asset, creating a neutral infrastructure for new applications for onchain BTC. Read more below. https://t.co/TRAgM78b2u
— Jeremy Allaire - jda.eth / jdallaire.sol (@jerallaire) April 2, 2026