Circle has introduced a new lending service allowing institutional clients to borrow USDC stablecoins by using their bitcoin holdings as collateral through a wrapped token called cirBTC. This service simplifies borrowing by consolidating steps that were previously complex, using third-party lending markets like Morpho on Ethereum and Circle's own Arc blockchain. Loans are overcollateralized, with terms set by the lending market, and Circle emphasizes the security and neutrality of cirBTC, which is backed one-to-one by bitcoin held in a federally chartered trust. This move aims to provide liquidity to crypto-owning institutions without requiring them to sell their bitcoin assets.
The news about Circle's new lending service for institutional clients borrowing USDC against bitcoin is presented here with Pluang's cryptocurrency market data as context. For readers following major cryptocurrencies on Pluang, as of Sep 22, 2026 04:15 WIB, 46 out of 50 major cryptocurrencies rose while 3 fell. Among notable movers, SXP dropped sharply by 46.27% to Rp37, contrasting with XNO which gained 18.86% to Rp7,286 despite heavy selling pressure at 85% sell orders, and DOGE which rose 14.63% to Rp1,755 with a more balanced order activity of 46% sell and 54% buy.
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