Deep Tide TechFlow News, May 22 — Circle CEO Jeremy Allaire announced on X platform that cirBTC is coming soon. Circle Wrapped Bitcoin (abbreviated as cirBTC) is a tokenized Bitcoin supported 1:1 by native Bitcoin, issued by Circle on the Ethereum mainnet and Arc network. Each cirBTC is backed by a 1:1 reserve of native Bitcoin, which is held by regulated entities under the Circle group.

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