Bitcoin
Circle’s BTC-Backed USDC Borrowing Already Tops $18M in Loans on Morpho
The Cryptonomist·September 22, 2026·1 min read
Circle confirmed on September 21, 2026, that qualified institutional clients using Circle Mint can now access BTC-backed USDC borrowing through Digital Asset-Backed Borrowing (DABB), which routes loans through Morpho. The service lets big crypto players unlock cash from Bitcoin holdings without selling, with loans already exceeding $18 million.
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