$BTC HOLDERS CAN NOW BORROW WITHOUT SELLING THEIR BITCOIN 👀
Circle has launched a new BTC-backed borrowing service for eligible institutions, allowing them to use Bitcoin as collateral while accessing USDC liquidity.
The structure uses cirBTC, a 1:1 BTC-backed asset that can be supplied to supported lending markets on Arc and Ethereum.
For institutions, the idea is simple: keep BTC exposure while unlocking liquidity for treasury management and other onchain opportunities.
Now the real question is adoption.
Will institutional demand turn BTC-backed borrowing into a meaningful part of the onchain credit market?
#Circle #BTC #CircleLaunchesInstitutionalBTCBackedBorrowing #ZetaChainVotesToMigrateZETAToSolana
Circle has launched a new BTC-backed borrowing service for eligible institutions, allowing them to use Bitcoin as collateral while accessing USDC liquidity.
The structure uses cirBTC, a 1:1 BTC-backed asset that can be supplied to supported lending markets on Arc and Ethereum.
For institutions, the idea is simple: keep BTC exposure while unlocking liquidity for treasury management and other onchain opportunities.
Now the real question is adoption.
Will institutional demand turn BTC-backed borrowing into a meaningful part of the onchain credit market?
#Circle #BTC #CircleLaunchesInstitutionalBTCBackedBorrowing #ZetaChainVotesToMigrateZETAToSolana