coin-img-ETHETH+2.38%coin-img-SOLSOL+4.02%coin-img-BTCBTC+4.63%coin-img-XRPXRP+5.51%coin-img-ZECZEC-0.01%coin-img-SUISUI+8.02%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE+11.84%coin-img-ETHETH+2.38%coin-img-SOLSOL+4.02%coin-img-BTCBTC+4.63%coin-img-XRPXRP+5.51%coin-img-ZECZEC-0.01%coin-img-SUISUI+8.02%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE+11.84%coin-img-ETHETH+2.38%coin-img-SOLSOL+4.02%coin-img-BTCBTC+4.63%coin-img-XRPXRP+5.51%coin-img-ZECZEC-0.01%coin-img-SUISUI+8.02%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE+11.84%coin-img-ETHETH+2.38%coin-img-SOLSOL+4.02%coin-img-BTCBTC+4.63%coin-img-XRPXRP+5.51%coin-img-ZECZEC-0.01%coin-img-SUISUI+8.02%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE+11.84%

Circle Launches Institutional Bitcoin-Backed USDC Borrowing via Circle Mint and Morpho

AI Market Summary
Circle has launched "Digital Asset‑Backed Borrowing" on Circle Mint, enabling eligible institutions to post BTC, mint 1:1-backed cirBTC via Circle National Trust, and borrow USDC through integrated DeFi markets (initially Morpho) on Ethereum and Arc. The product can increase institutional BTC capital efficiency and USDC lending activity while avoiding spot BTC sales, though outcomes depend on third‑party protocol risk, overcollateralization, and jurisdiction limits (excluding New York).
Impact level
● Medium
Affected assets
BTC/USDT+4.60%
AI Insight · BTC/USDTAI Insight
▲ Bullish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Stablecoin issuer Circle launched an institutional credit service dubbed Digital Asset-Backed Borrowing on Sept. 22, 2026, enabling verified Circle Mint corporate clients to borrow USDC against Bitcoin collateral. Available across Ethereum and Arc, Circle's Layer 1 payments network launched in September 2026, the facility excludes New York-domiciled entities due to regional regulatory restrictions. Corporate borrowers deposit Bitcoin to mint 1:1 backed Circle Wrapped Bitcoin held under the fiduciary standards of Circle National Trust. Users then deposit cirBTC into decentralized lending markets via noncustodial Smart Wallets, with decentralized finance protocol Morpho serving as the initial integration partner. Loan proceeds in USDC settle directly into customer Circle Mint accounts, with margin rates, interest parameters, and liquidations governed autonomously by smart contracts. Circle plans subsequent integrations with Aave to expand multi-chain institutional credit markets.
ARC
ARC+3.92%
BTC
BTC+4.60%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.


Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.