The Mint workflow removes operational steps, while variable market terms and liquidation risk remain with the third-party lender. The post Circle launches Bitcoin-backed USDC borrowing, leaving liquidation risk with Morpho protocol appeared first on CryptoSlate .
Source: [CryptoSlate](https://cryptoslate.com/circle-now-lets-institutions-borrow-usdc-against-bitcoin-but-morpho-still-sets-the-rules/)