Circle launches BTC collateralized borrowing of using cirBTC USDC service for institutions

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Circle launches Bitcoin-collateralized lending service, currently available only to institutional clients

PANews September 21 According to Circle's official blog, the company has launched its Digital Asset-Backed Borrowing service. Institutional clients can mint Bitcoin into 1: 1 Bitcoin-pegged cirBTC(custodied by Circle National Trust) as collateral and borrow through third-party lending protocols,USDC without selling their Bitcoin BTC holdings. Morpho is the first integrated protocol, with support for Aave and others to follow. The service has been deployed on Arc and Ethereum. It is currently available only to institutional clients.

Source: https://www.panewslab.com/zh/articles/01a0c403-0df8-7416-b67a-d930417ea3c3

Key points

Circle launches its Digital Asset-Backed Borrowing service.
Institutional clients can mint Bitcoin into 1: 1 Bitcoin-pegged cirBTC cirBTC as collateral.
cirBTC Custodied by Circle National Trust, institutional clients can borrow through third-party lending protocols.USDC。
The first integrated protocol is Morpho, with Aave to be supported subsequently.
The service has been deployed on Arc and the Ethereum network and is currently available only to institutional clients.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

Institutional clients can use Bitcoin as collateral to obtain USDC without having to sell their Bitcoin holdings.

Why it matters to readers

This provides institutional clients with a service to borrow USDC using Bitcoin as collateral.

This is not a service open to ordinary users; beginners may understand it as “using Bitcoin as collateral to borrow USDC”。

Risks and unknowns

The evidence does not indicate when this service will be made available to non-institutional clients.
The evidence does not specify lending interest rates, collateralization ratios, or liquidation rules.

Circle launches BTC collateralized borrowing of using cirBTC USDC service for institutions

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