Wu Blockchain reports that Circle has announced the launch of Circle Wrapped Bitcoin (cirBTC), an asset backed 1:1 by Bitcoin and verifiable on-chain. It aims to provide a compliant wrapped BTC solution for the institutional market. cirBTC will be integrated into Circle's existing infrastructure and support multi-chain usage, with initial plans to deploy on Ethereum and the Arc network. It is designed for market makers, lending protocols, and OTC institutional participants. The product is still in the preparation stage, and the exact launch date depends on regulatory approval. https://(wublock123.com)/news/circle-announces-circle-wrapped-bitcoin-cirbtc-59026