Circle launches an institutional lending service secured by Bitcoin
🚨 Circle enters a new phase in institutional financing for digital currencies!
Circle has launched a service that allows institutions to obtain USDC by providing Bitcoin as collateral, reflecting the growing use of digital assets as collateral in institutional finance. �
Blooming Bit
The idea is simple: 🔹 The institution has BTC
🔹 It uses it as collateral
🔹 It gets USDC without needing to sell the BTC
🔹 It can use the liquidity in other operations
These developments open up an important discussion about Bitcoin’s future as a financial asset usable within the credit system.
Will we see more institutions using BTC as collateral instead of selling it? 👀
#Bitcoin❗ #in #BTC Circle #USDC
🚨 Circle enters a new phase in institutional financing for digital currencies!
Circle has launched a service that allows institutions to obtain USDC by providing Bitcoin as collateral, reflecting the growing use of digital assets as collateral in institutional finance. �
Blooming Bit
The idea is simple: 🔹 The institution has BTC
🔹 It uses it as collateral
🔹 It gets USDC without needing to sell the BTC
🔹 It can use the liquidity in other operations
These developments open up an important discussion about Bitcoin’s future as a financial asset usable within the credit system.
Will we see more institutions using BTC as collateral instead of selling it? 👀
#Bitcoin❗ #in #BTC Circle #USDC