Circle should keep institutional borrowing collateral within its regulated custody environment

Where crypto assets are actually held and who controls the keys, from self-custody wallets to exchange accounts and regulated custodians.

DeFi protocols allowing users to earn interest or access liquidity by collateralizing crypto assets on-chain.

Circle introduced Digital Asset-Backed Borrowing for eligible Circle Mint customers on September 21, 2026. The service lets customers deposit Bitcoin, mint cirBTC and borrow USDC through integrated lending markets on Arc or Ethereum.