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Circle Enters Wrapped BTC Market with 'cirBTC', Initially Launching on Ethereum Arc

2026/04/03 10:03 (Updated 2026/04/03 13:00)
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Written by L.Kikutani
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Circle Enters Wrapped BTC Market with 'cirBTC', Initially Launching on Ethereum Arc

Circle Announces cirBTC

Circle Announces cirBTC

Circle, the issuer of the stablecoin 'USDC', officially announced on the 3rd the launch of 'cirBTC' (Circle Wrapped Bitcoin), a wrapped Bitcoin backed 1:1 by Bitcoin (BTC).

cirBTC adopts full collateralization with native BTC, and its reserves are designed to be independently verifiable in real-time on the blockchain...

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