Eligible customers of Circle Mint LLC can now access Digital Asset-Backed Borrowing directly within the Circle Mint platform.
The steps are remarkably straightforward: simply deposit your BTC, mint cirBTC, and then borrow USDC.
Through a seamlessly integrated workflow, users have the ability to pledge their BTC-backed cirBTC as collateral on approved third-party lending markets across Ethereum or Arc. Following this, the borrowed USDC is delivered straight into your Circle Mint balance. This new feature is officially making its debut starting with @Morpho.
For additional details, please visit http://www.circle.com/blog/digital-asset-backed-borrowing-is-now-available-in-circle-mint
The steps are remarkably straightforward: simply deposit your BTC, mint cirBTC, and then borrow USDC.
Through a seamlessly integrated workflow, users have the ability to pledge their BTC-backed cirBTC as collateral on approved third-party lending markets across Ethereum or Arc. Following this, the borrowed USDC is delivered straight into your Circle Mint balance. This new feature is officially making its debut starting with @Morpho.
For additional details, please visit http://www.circle.com/blog/digital-asset-backed-borrowing-is-now-available-in-circle-mint