Bitcoin-Backed Borrowing: How Circle Unlocks USDC
Circle has launched Digital Asset-Backed Borrowing for eligible Circle Mint LLC customers, creating an integrated institutional workflow that allows Bitcoin holders to access USDC liquidity without first selling their BTC. Launched on September 21, 2026, the service allows eligible customers to deposit BTC, mint Circle Wrapped Bitcoin (cirBTC), move that tokenized collateral through a wallet they control into supported third-party lending markets, and receive borrowed USDC directly in Circle Mint. The workflow is available across Arc and Ethereum, with Morpho-supported markets included at launch
2026/09/22