Circle Launches Bitcoin-Backed USDC Borrowing Service
Key Highlights Circle has launched Digital Asset-Backed Borrowing for eligible Circle Mint institutions, enabling them to deposit Bitcoin, mint cirBTC, and borrow USDC through third-party DeFi lending markets on Arc and Ethereum. Morpho is the first supported protocol, with an 86% liquidation loan-to-value threshold on Arc; Circle indicates Aave and other platforms will follow, though ...