circlelaunchesinstitutionalbtcbackedborrowing
đ„ CIRCLE JUST TURNED BTC INTO INSTITUTIONAL LIQUIDITY đ„
Bitcoin once sat still,
Now the same asset can work while staying in the vault.
Circle has launched Digital Asset-Backed Borrowing for eligible Circle Mint customers, allowing institutions to deposit BTC, mint 1:1-backed cirBTC, and use it as collateral to borrow USDC without selling their Bitcoin.
The workflow is now connected through Circle Mint, with borrowing available through supported third-party lending markets on Arc and Ethereum. Morpho is the first supported protocol, with additional integrations planned.
đ„ CIRCLE JUST TURNED BTC INTO INSTITUTIONAL LIQUIDITY đ„
Bitcoin once sat still,
Now the same asset can work while staying in the vault.
Circle has launched Digital Asset-Backed Borrowing for eligible Circle Mint customers, allowing institutions to deposit BTC, mint 1:1-backed cirBTC, and use it as collateral to borrow USDC without selling their Bitcoin.
The workflow is now connected through Circle Mint, with borrowing available through supported third-party lending markets on Arc and Ethereum. Morpho is the first supported protocol, with additional integrations planned.
