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2 sourcesTracking since 21 Sept, 20:30

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

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Chronological coverage

  1. 22 September
  2. Latest22 Sept, 03:40

    Circle launches Bitcoin-backed USDC borrowing, leaving liquidation risk with Morpho protocol

    The Mint workflow removes operational steps, while variable market terms and liquidation risk remain with the third-party lender.

    CryptoSlateCryptoSlate•Liam 'Akiba' Wright
  3. 21 September
  4. First seen21 Sept, 20:30

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

    The cirBTC market on Arc holds $14.3 million of USDC borrowed against 287 cirBTC, up from $1.37 million on Sept. 17. Galaxy and Keyrock supply nearly all the dollars. Circle issues the wrapper and the wallet; the loan terms sit with Morpho.

    The DefiantThe Defiant•The Defiant Team