Circle Launches BTC-Backed USDC Borrowing

Circle Launches BTC-Backed USDC Borrowing

Circle launched Bitcoin-backed borrowing for eligible Circle Mint customers, allowing institutions to use BTC as collateral to access USDC through onchain lending markets.

Circle Now Lets Institutional Clients Borrow USDC Against Their Bitcoin

Stablecoin issuer Circle is courting crypto-owning institutions, launching a lending service on Monday that lets them borrow USDC against their bitcoin holdings. Circle, the company behind the USDC stablecoin, has launched a service that lets institutional customers borrow dollar-pegged tokens against their bitcoin holdings—the latest push by a crypto firm to court treasury departments that […]

Circle Opens Bitcoin-Backed USDC Borrowing To Mint Clients, Routed Through Morpho

Circle has opened bitcoin-backed borrowing to institutional customers of Circle Mint, and the loans run on Morpho. Customers deposit bitcoin, mint Circle's wrapped bitcoin token cirBTC, post it as collateral and receive USDC in their Mint account, Morpho said on X on Monday. The product routes... Read the full story at The Defiant

Circle Launches Digital Asset-Backed Borrowing in Mint

Circle has launched a digital asset-backed borrowing feature in Mint, allowing BTC deposits and USDC borrowing, as highlighted by influencer Morpho.

Circle Lets Institutions Borrow USDC Against Bitcoin Without Selling It