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JUST IN: Circle, known for issuing stablecoins like USDC, announced the upcoming launch of cirBTC, a new wrapped bitcoin product aimed at the institutional market.
The offering seeks to expand the company's presence beyond tokenized fiat currency, with real time, verifiable on chain reserves and an initial deployment on Ethereum and Arc.
Circle announced Circle Wrapped Bitcoin, or cirBTC, as a new tokenized bitcoin offering for institutional users.