Circle Internet Group's shares rose about 6% following the launch of Digital Asset-Backed Borrowing, allowing qualified institutional clients to borrow USDC using Bitcoin as collateral without selling their BTC. This service uses Circle Wrapped Bitcoin (cirBTC) tokens on Arc and Ethereum networks, initially integrating the Morpho lending protocol with plans to add more. The product offers institutions dollar liquidity while maintaining Bitcoin exposure, though risks include price volatility and reliance on third-party DeFi platforms. The move coincides with a Bitcoin price surge above $85,000, boosting optimism for crypto-related equities and Circle's stablecoin ecosystem expansion.
Circle's recent launch of Bitcoin-collateralized USDC lending is notable context for readers. For those following the broader cryptocurrency market, 40 out of 50 major cryptocurrencies on Pluang rose today. As of Sep 22, 2026 00:52 WIB, EGLD gained 12.26%, DOGE increased 11.59%, and BAL rose 11.14%.
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