Circle Brings Banking Features to Apps on Its Arc Blockchain

Circle has released three developer kits that enable applications on its Arc blockchain to offer stablecoin purchases, lending, and borrowing features.

The Onramp Kit allows users to buy USDC and EURC using Apple Pay, Google Pay, or a debit card, currently available for eligible users in the US, UK, and EU who have cleared KYC checks.

The Earn Kit provides a way to offer lending opportunities for USDC and EURC, with Morpho generating the yield behind the scenes. The Borrow Kit allows users to take out USDC loans using cirBTC as collateral, through Morpho-supported markets.

Circle's Arc App Kits are designed to embed payments, swaps, onramps, and yield features into applications, targeting consumer-facing applications rather than institutions.