Circle Announces Circle Wrapped Bitcoin (cirBTC) With 1:1 BTC Backing on April 2, 2026

Circle said on April 2, 2026 it will launch Circle Wrapped Bitcoin (cirBTC), a tokenized BTC product aimed at institutional users. The company says each cirBTC will be backed 1:1 by native BTC, with reserves independently verifiable onchain in real time. The initial release is planned for Ethereum and Arc, with crosschain mobility positioned as a core feature.