Circle launches BTC-backed USDC lending
Stablecoin issuer Circle has launched a bitcoin-backed borrowing service for institutional clients, allowing eligible Circle Mint customers to use BTC as collateral to borrow USDC via the onchain transaction market. D serviceCalled Digital Asset-Backed Borrowing, it allows customers to deposit Bitcoin, Mint Circle’s wrapped Bitcoin token ServiTC, and offer it as collateral in third-party loan … Read more