Circle Mint Launches Digital Asset Collateralized Lending Feature, Supporting BTC Collateral to Borrow USDC

Circle Mint has launched a digital asset collateralized lending feature (DABB), available to eligible institutional clients. Users can deposit BTC and mint Circle Wrapped Bitcoin (cirBTC), which can be used as collateral in third-party lending markets, allowing them to borrow USDC without having to sell their BTC. This feature currently supports the Arc and Ethereum networks, initially integrating with the Morpho lending protocol, with plans to expand to more protocols like Aave in the future.

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