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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.
Circle Annonces Impending Launch of Wrapped Bitcoin Product, cirBTC
Jack Inabinet Jack Inabinet
Apr 2, 2026 • 1 min read
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Stablecoin issuer Circle 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 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 Ethereum and Arc.


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Jack Inabinet

Written by Jack Inabinet

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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

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