DeFi· ★★★· bullish·

Spark allocates $210M for institutional BTC-backed loans via Anchorage Digital

  • —$210 million allocated for BTC-backed institutional loans via Anchorage Digital
  • —Three borrowers drew $150 million in USDC against $222 million in BTC
  • —Collateralization rate stands at roughly 148%
  • —The Anchorage channel yields about 6.5% and grew 70% to around $260 million
Why it matters: The structure links DeFi liquidity with regulated custody, letting institutions borrow against Bitcoin without moving collateral fully on-chain.
#BTC#USDC
Source: Crypto Briefing
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