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Circle Opens Bitcoin-Backed USDC Borrowing To Mint Clients, Routed Through Morpho

Circle has opened bitcoin-backed borrowing to institutional customers of Circle Mint, and the loans run on Morpho. Customers deposit bitcoin, mint Circle's wrapped bitcoin token cirBTC, post it as collateral and receive...

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Circle Opens Bitcoin-Backed USDC Borrowing To Mint Clients, Routed Through Morpho
Circle has opened bitcoin-backed borrowing to institutional customers of Circle Mint, and the loans run on Morpho. Customers deposit bitcoin, mint Circle's wrapped bitcoin token cirBTC, post it as collateral and receive USDC in their Mint account, Morpho said on X on Monday. The product routes... Read the full story at The Defiant

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Bitcoin is showing up inside the Stablecoins theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.

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