Circle Launches Bitcoin-Backed USDC Loans for Institutions Through Circle Mint
DeFi
Circle enabled the “Digital Asset-Backed Borrowing” service for verified Circle Mint institutional clients across the Arc and Ethereum networks, excluding New York users. Borrowers deposit BTC to mint cirBTC backed 1:1 by Circle National Trust and lock it into Morpho contracts as overcollateralized backing.
USDC
BTC
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