Circle launches Bitcoin-backed USDC borrowing for institutional clients
60-second summary
Circle launches a Bitcoin‑backed USDC borrowing product for institutional clients, letting them unlock liquidity by using BTC as collateral instead of selling the asset; the service offers up to 70 % loan‑to‑value and instant on‑chain settlement, preserving exposure while providing stablecoin funding, which could boost institutional demand for USDC and deepen crypto‑backed lending markets.
Circle is bringing Bitcoin-backed borrowing to institutional clients, allowing them to tap BTC holdings for USDC liquidity without selling their Bitcoin.