Mudathir
Yes. The exact word form appears in the opening verse of Surah Al-Muddathir (74:1) as an address: "O you who are wrapped [in garments]".
Literally it means 'the one wrapped' or 'the cloaked one', from the Arabic root d-th-r with the morphological pattern that conveys being wrapped or covered.
There is no general prohibition; it has been used historically as an epithet-derived given name. As with any name, many Muslim families consider its meaning and religious connotations before choosing it.
It is uncommon in contemporary naming practice and is considered rare compared with common Quranic names like Muhammad or Musa.
Approximate pronunciation is mud-DATH-ir with the 'dh' like the voiced dental fricative in Arabic (ذ/Based on dialect), rendered phonetically as mudˈdaθir.