[Circle Launches Wrapped Bitcoin Product cirBTC, Offering Tokenized Bitcoin Solution for Institutional Market] Deep Tide TechFlow reports, on April 3rd, according to information from Circle's official website, Circle announced the upcoming launch of Circle Wrapped Bitcoin (cirBTC), a tokenized Bitcoin product backed 1:1 by native BTC, designed specifically for the institutional market. The reserves of cirBTC can be independently verified on-chain in real time, making it suitable for institutional scenarios such as OTC trading desks, market makers, and lending protocols. The product will initially launch on Ethereum and the Arc platform, with plans to expand to a multi-chain ecosystem in the future. It will seamlessly integrate with Circle's USDC, Arc, and Circle Mint to provide a complete end-to-end service. Currently, cirBTC has not yet officially launched and is pending regulatory approval.