Circle enables stablecoin purchases, lending on Arc with new kits

Circle: Circle is a financial technology company that issues the USDC stablecoin and operates platforms for institutional and developer access to digital assets. It recently launched developer kits on its Arc network to enable apps to integrate stablecoin purchases, lending, and borrowing features. The company has extended its Bitcoin-backed USDC borrowing service, previously available to Circle Mint institutions, to broader app developers via Morpho integration. Morpho: Morpho is a decentralized lending protocol that facilitates efficient borrowing and lending markets for digital assets. It serves as the initial third-party protocol supporting Circle's Borrow Kit on Arc, enabling USDC loans collateralized by cirBTC. This integration extends Circle's institutional borrowing model to app developers. Borrow Kit: Borrow Kit is one of the developer kits released for Circle's Arc platform, designed to let apps embed borrowing capabilities directly. It specifically supports USDC loans using cirBTC as collateral on the Morpho protocol. The kit builds on features previously available only to select institutional users. Circle Mint: Circle Mint is Circle's platform providing verified institutional clients with access to minting, redeeming, and managing USDC along with related financial services. It previously offered Bitcoin-backed borrowing options, which are now being extended through Arc's developer tools and Morpho. The platform supports compliant digital asset activities for institutions. Developer Integration: Circle's Arc now provides three developer kits that allow apps to embed stablecoin purchases, lending, and borrowing features directly. Institutional Extension: Borrow Kit extends the Bitcoin-collateralized USDC loan model previously available exclusively to Circle Mint institutional clients.