Wire · operational-macro
Circle launches Bitcoin-backed USDC borrowing
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Fusion42 · 22 September 2026 · Fusion42 review
Circle has launched a new borrowing product allowing eligible institutional customers to use Bitcoin-backed cirBTC as collateral to borrow USDC on third-party lending protocols like Morpho, with Aave integration planned.
This Wire brief sits within Fusion42's coverage of Fintech, and 3 sources have reported it between 21 Sep 2026 and 22 Sep 2026.
◆ ◆ The Wire takeaway
You should watch lending platforms like Morpho and Aave for new collateral workflows that keep BTC exposure while unlocking USDC liquidity. This expands capital tools for institutional crypto borrowers, reshaping how you think about asset liquidity and borrowing risk.
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3 sources · first reported 21 Sep 2026 · latest 22 Sep 2026
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