March 10, 2020 Cryptoasset wallet and exchange provider, to offer retail-focused lending service.

European-based cryptoasset service provider, announced on Tuesday that it will allow retail users to access cryptoasset-collateralized loans, paid in stablecoins. The company has stated that lending will be available to users who deposit Bitcoin in their Blockchain wallets as collateral but are yet to specify which stablecoins will be offered. The announcement follows a broader widening of the company’s business interests, having opened its exchange service, The Pit, in July 2019 and an institutional lending service in August 2019. Circle now joins other large cryptoasset lending providers such as Binance, BitGo, and Babel in what is a fast-growing market.