Circle is expanding access to USDC liquidity by offering institutional clients the ability to borrow against their Bitcoin holdings. The structure allows institutions to use BTC as collateral while keeping their Bitcoin exposure, rather than selling the asset to obtain funds. Cointelegraph reported the launch on September 21, 2026. The offering links Bitcoin-backed borrowing with USDC, Circle’s dollar-linked cryptocurrency, and is aimed specifically at institutional participants. The announcement adds a new borrowing option for organizations seeking liquidity from existing crypto assets without directly disposing of their BTC. No further details on the product’s terms, collateral requirements or borrowing costs were provided in the source material.
