Circle Mint Unveils Digital Asset Lending Feature for Institutional Clients

Circle Mint has launched a new digital asset collateralized lending feature called DABB (Digital Asset Borrowing and Borrowing) for its eligible institutional clients. With this feature, users can deposit BTC and mint Circle Wrapped Bitcoin (cirBTC), which serves as collateral in third-party lending markets.

This allows users to borrow USDC without having to sell their BTC. The current integration supports the Arc and Ethereum networks, with initial integration with the Morpho lending protocol. Plans are underway to expand to more protocols like Aave in the future.