[Circle CEO: cirBTC is about to launch, custodied by a regulated entity under the group] BlockBeats News, May 22, Circle CEO Jeremy Allaire announced on social media that cirBTC is about to launch. Circle Wrapped Bitcoin (abbreviated as cirBTC) is a tokenized BTC backed 1:1 by native Bitcoin (BTC) and issued by Circle on the Ethereum mainnet and the Arc network. Each cirBTC is backed by a 1:1 reserve of native BTC, which is custodied by a regulated entity under the Circle group. [Original link]