cirBTC Borrowing on Morpho Tops $190 Million as Arc Liquidity Tightens

Crypto Insight Summary: About 97.4% of supplied USDC is borrowed in the main market, compared with 8.1% when Circle Mint opened access on Sept. 21. Crypto Insight Analysis: Direction: Bullish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Increased demand for BTC-backed stablecoin borrowing indicates growing institutional interest.