Circle launches Bitcoin-backed borrowing service for eligible USDC holders
Circle launched “Digital Asset-Backed Borrowing,” letting eligible Circle Mint customers deposit BTC as collateral to borrow USDC via onchain lending markets.
Circle has launched a Bitcoin-backed borrowing service for institutional clients, allowing eligible Circle Mint customers to use BTC as collateral to borrow USDC through onchain lending markets. The service, called Digital Asset-Backed Borrowing, lets customers deposit Bitcoin and borrow USDC.