Circle adds Aave market support for Bitcoin-backed lending on Circle Mint

Circle said through its official channel that Circle Mint, its crypto-collateralized lending product for institutional clients, now supports the Aave market. Eligible Circle Mint customers can deposit Bitcoin, mint cirBTC, and then borrow USDC through supported third-party lending markets on ARC or Ethereum. Circle added that the Aave market support on Circle Mint expands its existing Morpho-based service and does not mean Circle is lending directly.