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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 Defiant TeamThe Defiant · September 21, 2026 · 3d ago

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