*Circle official Sep 21 — Digital Asset-Backed Borrowing (DABB):*$MUBARAK $CHR $BROCCOLI714
- *Who:* *Eligible Circle Mint LLC institutional customers only*, *New York excluded*
- *Flow:* *Deposit BTC → Mint cirBTC → Supply cirBTC as collateral from customer-controlled Smart Wallet → Borrow USDC to Mint balance* — repay USDC from Mint to wallet to release collateral — *retain BTC exposure, no sell*
- *cirBTC:* *Wrapped BTC 1:1 backed*, held *Circle National Trust* — launched *Ethereum June 2026*, *Arc Sep 22 (Mon)* — *reserves > supply*, on-chain verifiable
- *Chains:* *Arc (Circle L1 launched last week, USDC gas, hosts BlackRock BUIDL + USYC) + Ethereum*
- *Lending market:* *Morpho first*, *Aave expected next* — Circle *does NOT originate, underwrite, fund, or liquidate* — all *rates, LTV, liquidation thresholds, liquidity* set by third-party market — positions *overcollateralized*
- *Arc market live:* *$18.86M borrowed, 86% liquidation LTV* on cirBTC Morpho vault
- *Tweet:* _"Deposit BTC. Mint cirBTC. Borrow USDC. Through one coordinated workflow..."_
Why matters: Circle positioning wrapper + USDC liquidity rail while DeFi provides credit — institutions get *dollar liquidity without selling BTC*, bridge TradFi custody to onchain lending.
*BREAKING 🚨 Circle launches Digital Asset-Backed Borrowing Sep 21 🔥 Institutions: deposit BTC → mint 1:1 cirBTC → collateral via Smart Wallet → borrow USDC to Mint — Morpho live on Arc + ETH, Aave next — $18.86M borrowed, 86% Liq LTV, reserves > supply — NY excluded 📢*#AIStocksWhatNext #DogecoinRises15% #BNBMarketCapPassesBNYMellon #MuseOvertakesChatGPTAsTopFreeIOSApp
- *Who:* *Eligible Circle Mint LLC institutional customers only*, *New York excluded*
- *Flow:* *Deposit BTC → Mint cirBTC → Supply cirBTC as collateral from customer-controlled Smart Wallet → Borrow USDC to Mint balance* — repay USDC from Mint to wallet to release collateral — *retain BTC exposure, no sell*
- *cirBTC:* *Wrapped BTC 1:1 backed*, held *Circle National Trust* — launched *Ethereum June 2026*, *Arc Sep 22 (Mon)* — *reserves > supply*, on-chain verifiable
- *Chains:* *Arc (Circle L1 launched last week, USDC gas, hosts BlackRock BUIDL + USYC) + Ethereum*
- *Lending market:* *Morpho first*, *Aave expected next* — Circle *does NOT originate, underwrite, fund, or liquidate* — all *rates, LTV, liquidation thresholds, liquidity* set by third-party market — positions *overcollateralized*
- *Arc market live:* *$18.86M borrowed, 86% liquidation LTV* on cirBTC Morpho vault
- *Tweet:* _"Deposit BTC. Mint cirBTC. Borrow USDC. Through one coordinated workflow..."_
Why matters: Circle positioning wrapper + USDC liquidity rail while DeFi provides credit — institutions get *dollar liquidity without selling BTC*, bridge TradFi custody to onchain lending.
*BREAKING 🚨 Circle launches Digital Asset-Backed Borrowing Sep 21 🔥 Institutions: deposit BTC → mint 1:1 cirBTC → collateral via Smart Wallet → borrow USDC to Mint — Morpho live on Arc + ETH, Aave next — $18.86M borrowed, 86% Liq LTV, reserves > supply — NY excluded 📢*#AIStocksWhatNext #DogecoinRises15% #BNBMarketCapPassesBNYMellon #MuseOvertakesChatGPTAsTopFreeIOSApp
