Arc Facilitates $150M in USDC Borrowing Against cirBTC
- —USDC borrowing against cirBTC on Arc has exceeded $150 million
- —Loans jumped from $1.37 million to over $90 million in days
- —Arc mainnet launched September 21, 2026; Morpho vault deposits topped $150 million
- —Liquidation LTV is set at 86%, access limited to Circle Mint clients
Why it matters: The rapid growth signals institutional demand for Bitcoin-backed liquidity without selling BTC, strengthening tokenized BTC's role in DeFi.
Source: Crypto Briefing