circlelaunchesinstitutionalbtcbackedborrowing
Institutions have just received a massive “cheating code” for Bitcoin liquidity 🤯
If you’ve been tracking the connection between traditional finance and DeFi, then these are the news you’ve been waiting for. Circle (the powerhouse behind USDC) has just rolled out a major liquidity catalyst for Bitcoin: Digital Asset Borrowing Collateralized (DABB).
Until now, institutions holding large amounts of Bitcoin faced a dilemma: either set it aside and miss the yield, or sell it and miss the upside. Circle fixed that.
Qualified institutional clients can now:
Deposit BTC directly with Circle.
Issue cirBTC (a 1:1 wrapped Bitcoin token, securely held by Circle National Trust).
Use cirBTC as collateral in DeFi lending markets via third parties to borrow USDC.
That way, they keep their Bitcoin exposure while unleashing massive stablecoin liquidity.
Where does it work?
Institutions have just received a massive “cheating code” for Bitcoin liquidity 🤯
If you’ve been tracking the connection between traditional finance and DeFi, then these are the news you’ve been waiting for. Circle (the powerhouse behind USDC) has just rolled out a major liquidity catalyst for Bitcoin: Digital Asset Borrowing Collateralized (DABB).
Until now, institutions holding large amounts of Bitcoin faced a dilemma: either set it aside and miss the yield, or sell it and miss the upside. Circle fixed that.
Qualified institutional clients can now:
Deposit BTC directly with Circle.
Issue cirBTC (a 1:1 wrapped Bitcoin token, securely held by Circle National Trust).
Use cirBTC as collateral in DeFi lending markets via third parties to borrow USDC.
That way, they keep their Bitcoin exposure while unleashing massive stablecoin liquidity.
Where does it work?
