According to reports, Circle has unveiled plans to introduce cirBTC, a new wrapped bitcoin token. This development marks a strategic expansion for the company, which previously pivoted to focus primarily on stablecoins. The firm's earlier bitcoin payments application, Circle Pay, was discontinued in 2019. The introduction of cirBTC indicates Circle's potential broadening of its product offerings within the crypto ecosystem, moving beyond its recent stablecoin-centric strategy.

According to reports, Circle has unveiled plans to introduce cirBTC, a new wrapped bitcoin token. This development marks a strategic expansion for the company, which previously pivoted to focus primarily on stablecoins. The firm's earlier bitcoin payments application, Circle Pay, was discontinued in 2019. The introduction of cirBTC indicates Circle's potential broadening of its product offerings within the crypto ecosystem, moving beyond its recent stablecoin-centric strategy.