Circle Opens Bitcoin-Backed USDC Borrowing To Mint Clients, Routed Through Morpho
#USDC
TLDR — Circle has opened bitcoin-backed borrowing to institutional customers of Circle Mint, and the loans run on Morpho.
Signal data─ Neutralconfidence 50%Low materiality
AssetUSDCEventsector-trendEvent timeAttention0 readers/hrSmart readers0
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
0 impressions · 0 upvotes · 0 comments
Discussion (0)
Reading is open to everyone — posting, replying and reporting need an account.
No comments yet.