Circle Now Lets Institutional Clients Borrow USDC Against Their Bitcoin

Stablecoin issuer Circle is courting crypto-owning institutions, launching a lending service on Monday that lets them borrow USDC against their bitcoin holdings.

Circle, the company behind the USDC stablecoin, has launched a service that lets institutional customers borrow dollar-pegged tokens against their bitcoin holdings—the latest push by a crypto firm to court treasury departments that […]