EntryCrypto

Circle Opens Bitcoin-Backed USDC Borrowing To Mint Clients, Routed Through Morpho

The Defiant · · Bitcoin · DeFi

Circle has opened bitcoin-backed borrowing to institutional customers of Circle Mint, and the loans run on Morpho. Customers deposit bitcoin, mint Circle's wrapped bitcoin token cirBTC, post it as collateral and receive USDC in their Mint account, Morpho said on X on Monday. The product routes......

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