Circle has introduced a new borrowing service for institutional clients that allows them to use Bitcoin as collateral to borrow USDC without selling their BTC holdings. The service operates on the Arc and Ethereum networks through Circle Mint accounts, with Morpho as the initial lending protocol and Aave expected to join later. Institutions deposit Bitcoin, mint cirBTC (a wrapped Bitcoin token), and use it as collateral to borrow USDC, maintaining exposure to their Bitcoin. The service excludes retail users and New York customers, with collateral and lending managed by third-party protocols rather than Circle itself.
Circle's new Bitcoin-backed USDC borrowing service launches on Arc and Ethereum. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Sep 22, 2026 16:02 WIB: out of 50 major cryptocurrencies, 39 rose and 10 fell today. Notable movers include ZIL at Rp67 with a 4.42% increase and a typical hold time of 132 days, AXS at Rp19,088 up 4.32% with 97% sell order activity, and SAND at Rp765 rising 4.03% with 89% buy order activity.
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