Circle Launches USDC Lending Against Bitcoin for Institutions
USDC (USDC)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Circle has launched a lending service allowing institutional clients to borrow USDC against their Bitcoin holdings. The stablecoin issuer is targeting crypto-owning institutions with this new offering. The service enables customers to borrow dollar-pegged tokens using their Bitcoin as collateral. This move marks Circle's effort to court institutional investors with specific lending products.
How the market reacted
Whalio's own Binance spot order flow for USDC, measured when this story was written up on 22 September 2026. Not the outlet's figures.
USDC is trading at $1.00 with a 24-hour buy ratio of 51.7%, indicating a slight majority of buying pressure over the last day. However, the 1-hour buy ratio has dropped to 48.7% and the 4-hour ratio to 48.5%, suggesting that immediate buying momentum is fading compared to the daily average. The 24-hour volume delta is positive at +$129,915,574, meaning net buying has exceeded net selling over the full day. In contrast, the 1-hour volume delta is negative at -$2,239,390, showing that recent trades have been net sellers. This shift indicates that while the day ended with net inflows, shorter-term activity is currently dominated by selling.
The latest daily buy ratio of 50.2% sits at the 73rd percentile of the last 322 days, against a median of 48.4% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for USDC, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 48.7%, making today's 24-hour ratio of 51.7% an increase of 2.9 points. Spot volume for the day was $3,918,129,210, which is 1.43 times the weekly average, indicating significantly higher activity than usual. Despite this volume spike, there was only 1 day of net buying in the last 7 days. The 8-day volume delta total was -$399,207,290, contrasting with today's positive daily delta. This suggests that while today is an unusually active and net-positive day, the broader weekly trend remains dominated by net selling pressure.