[Circle CEO: cirBTC is about to launch, users can now obtain it via the testnet Faucet] Foresight News reports that Circle CEO Jeremy Allaire tweeted that Circle Wrapped Bitcoin (cirBTC) is about to launch. Users can now obtain cirBTC for testing through the testnet Faucet on Arc and Ethereum. According to previous reports from Foresight News, Circle will launch 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 in real-time on-chain and are suitable for institutional scenarios such as OTC trading desks, market makers, and lending protocols. The product will initially launch on the Ethereum and Arc platforms, with plans to expand to a multi-chain ecosystem in the future. It will seamlessly integrate with Circle's USDC, Arc, and Circle Mint, providing a complete end-to-end service.