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

Circle has launched a service allowing eligible Circle Mint institutions to deposit native Bitcoin, mint wrapped cirBTC collateral and borrow USDC through a Morpho lending market on Arc and Ethereum. The interface streamlines access to dollar liquidity, but each market sets borrowing costs, collateral limits, liquidity and liquidation terms, so falling Bitcoin values can still make positions liquidatable.

CircleBitcoin-backed borrowingUSDCMorpho

CCryptoSlate★★☆☆☆2026-09-22 03:40Original