Search results for cirBTC
Crypto
Circle launches bitcoin-collateral loans for institutions to raise USDC without selling BTC
Circle has started a USDC loan service for institutional clients backed by bitcoin. Eligible Circle Mint customers can deposit bitcoin, mint Circle’s wrapped bitcoin token cirBTC and use it as collateral in supported on-chain lending markets to borrow USDC, which is credited to their Circle Mint balance. Terms are set by external markets, and New York-area clients are excluded. The launch coincides with the Arc layer-1 mainnet release.
Crypto
U.S. government moves seized bitcoin from Alameda accounts, sale in focus
The U.S. government moved some bitcoin seized from accounts linked to Alameda Research, drawing market attention to whether the holdings will be sold. Blockchain analytics firm Arkham detected the transfer but did not view it as a sale and did not specify the destination. The market is watching after repeated transfers of seized FTX and Alameda assets in recent months, including altcoins and hundreds of millions of dollars in crypto moved to Coinbase Prime.
Crypto
Circle\'s institutional bitcoin collateral cirBTC back in focus, supply stuck at 40 BTC
Circle\'s bitcoin tokenisation product cirBTC is already operating on Ethereum, but its circulating supply remains at about 40 BTC. Circle highlighted the token again as a neutral collateral tool for institutions, though it has been running since June 8. Etherscan data show about 11 holder addresses, and CoinGecko lists it as preview-only and not tradable on tracked exchanges. Circle said issuance and redemption are supported via Circle Mint.
