Morpho has deployed wrapped Bitcoin asset cirBTC to the Arc lending market, according to a Techub News brief citing Crypto Briefing. The integration is aimed at expanding Bitcoin-based lending services on Arc. It also targets broader institutional adoption of blockchain-based financial services. The update centers on the addition of cirBTC and does not include further operational details in the source brief. Techub categorized the item under market analysis.
Morpho has added the wrapped Bitcoin asset cirBTC to the Arc lending market, according to a Techub News brief citing Crypto Briefing.
The move is meant to back Bitcoin-based lending and push wider institutional use of blockchain-based financial services.
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