USDC Issuer Circle Rolls Out Bitcoin-Backed Loans for Institutions

Circle has launched Digital Asset-Backed Borrowing for eligible Circle Mint customers, creating a new institutional use for Bitcoin and USDC. The service enables customers to deposit bitcoin-backed collateral and use USDC without selling their BTC holdings. Ad Ad Circle Mint Adds Bitcoin-Backed USDC Borrowing Under the new service, customers deposit BTC and mint Circle Wrapped