{"schema":"sb.node.v1","id":"sb:e/66e3a4907e36f4189a31f871","kind":"entity","label":{"text":"bitcoin-backed","locale":"en"},"identity":{"anchor":"label:en:bitcoin-backed","strength":"label"},"asOf":{"knowledgeCutoff":"2026-10-08T17:31:13.825968+00:00","snapshot":"deploy 0213c6200d34bd9327cf8fb2d5bb00702183a24b"},"lens":{"kind":"public"},"build":{"plane":"projected","builtFrom":["entity_graph.slim.json","entity_receipts (deploy asset)","event_graph.json","truth_records (deploy asset)","corroborated_record.json"],"rule":"node-projection.entity@v1"},"standing":{"evidence":{"supporting":49,"separatePublishers":14,"basis":"documents that mention the subject and the outlets that carried them; a mention is evidence the referent is in use, not evidence about any claim"},"admission":{"state":"provisional","reason":"entity graph provenance 'observed'; the node carries no promotion receipt in v1","policy":"EQ-PROMOTION (receipt not carried)"},"disposition":{"state":"served","reason":"public record"},"validity":{"from":"2026-09-03","to":"2026-10-08","basis":"first and last day we saw it mentioned; not the subject's own lifetime"},"measurement":{"state":"partial","blind":["assertion coverage 0.367: about 63% of mentions carry no typed assertion"]}},"dimensions":{"domains":["crypto_defi","auto"],"activeDays":22,"assertions":{"launch-release":11,"utterance":3,"acquisition":2,"ipo-listing":1,"price-threshold":1}},"up":[],"upNote":"An entity is a root: it is contained by nothing. Pan out by following R.","children":{"count":12,"byKind":{"observation":12},"items":[{"id":"sb:o/a0deaf841c5f8af4a00e9541","kind":"observation","label":"FinanceFeeds · 2026-10-08 · Ledger Launches Bitcoin-Backed Loans Through Morpho for…","url":"https://financefeeds.com/ledger-launches-bitcoin-backed-loans-through-morpho-for-eligible-wallet-users/"},{"id":"sb:o/bed99baed32b1cfbec7eaa8f","kind":"observation","label":"crypto.news · 2026-10-07 · Ledger adds Bitcoin-backed loans through Morpho to its wallet app","url":"https://crypto.news/ledger-adds-bitcoin-backed-loans-through-morpho/"},{"id":"sb:o/118be6866f9096932fe41df5","kind":"observation","label":"Crypto Briefing · 2026-10-06 · Circle plans to add Aave to Bitcoin-backed borrowing in Mint","url":"https://cryptobriefing.com/circle-adds-aave-bitcoin-backed-borrowing-mint/"},{"id":"sb:o/6462eecb5ee775065a437e0c","kind":"observation","label":"FinanceFeeds · 2026-09-23 · Coinbase Adds Fixed-Rate Bitcoin-Backed Loans Through…","url":"https://financefeeds.com/coinbase-adds-fixed-rate-bitcoin-backed-loans-through-morpho-midnight/"},{"id":"sb:o/2b3bbab241ac0b6d2bd000cb","kind":"observation","label":"CryptoSlate · 2026-09-22 · Circle launches Bitcoin-backed USDC borrowing, leaving liquidation risk with Morpho protocol","url":"https://cryptoslate.com/circle-now-lets-institutions-borrow-usdc-against-bitcoin-but-morpho-still-sets-the-rules/"},{"id":"sb:o/a7a1960fa2ee44bba1b1d957","kind":"observation","label":"crypto.news · 2026-09-22 · Circle launches Bitcoin-backed USDC borrowing","url":"https://crypto.news/circle-launches-bitcoin-backed-usdc-borrowing/"},{"id":"sb:o/61e74880eb070ad0fdedbc5c","kind":"observation","label":"Bitcoin Foundation · 2026-09-22 · Circle Launches Bitcoin-Backed USDC Borrowing for Institutions on Arc and Ethereum","url":"https://bitcoinfoundation.org/news/stablecoins/circle-launches-bitcoin-backed-usdc-borrowing-for-institutions-on-arc-and-ethereum/"},{"id":"sb:o/267d61860accb37182ceb69c","kind":"observation","label":"Cointelegraph · 2026-09-21 · Circle launches Bitcoin-backed USDC borrowing for institutional clients","url":"https://cointelegraph.com/news/circle-launches-bitcoin-backed-usdc-borrowing-for-institutional-clients?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound"},{"id":"sb:o/45c68730b1edc3e306dc1223","kind":"observation","label":"The Crypto Times · 2026-09-21 · Circle Launches Bitcoin-Backed cirBTC on Arc for DeFi Use","url":"https://www.cryptotimes.io/2026/09/22/circle-launches-bitcoin-backed-cirbtc-on-arc-for-defi-use/"},{"id":"sb:o/10efa1a992c38d16f6d5b712","kind":"observation","label":"CoinDesk · 2026-09-06 · Better and Coinbase’s bitcoin-backed mortgages can reuse borrowers’ collateral","url":"https://www.coindesk.com/business/2026/09/06/better-and-coinbase-s-bitcoin-backed-mortgages-can-reuse-borrowers-collateral"}],"cursor":"c1.eyJpZCI6InNiOmUvNjZlM2E0OTA3ZTM2ZjQxODlhMzFmODcxIiwibCI6ImNoaWxkcmVuIiwibyI6MTAsImsiOm51bGwsImEiOiIyMDI2LTEwLTA4VDE3OjMxOjEzLjgyNTk2OCswMDowMCJ9","order":"newest first; we keep the 12 newest receipts for this entity. Its other observations are counted in standing.evidence.supporting but are not addressable in v1"},"relations":{"count":11,"byKind":{"claim":1,"co-mentioned":10},"items":[{"id":"sb:p/6a6ec7a3aa163d1dc2d42f84","kind":"claim","label":"Ledger adds Bitcoin-backed loans through Morpho to its wallet app — corroborated","role":"named-in","relationKind":"claim","members":1},{"kind":"relation","label":"co-mentioned with bitcoin (49 documents)","role":"co-mentioned","relationKind":"co-mentioned","members":2,"id":"sb:r/85b126084447185eee5ad9f4"},{"kind":"relation","label":"co-mentioned with crypto (36 documents)","role":"co-mentioned","relationKind":"co-mentioned","members":2,"id":"sb:r/094437093dcfbb82b666cb8d"},{"kind":"relation","label":"co-mentioned with ethereum (29 documents)","role":"co-mentioned","relationKind":"co-mentioned","members":2,"id":"sb:r/3836c5212b9831f70c3926eb"},{"kind":"relation","label":"co-mentioned with usdc (27 documents)","role":"co-mentioned","relationKind":"co-mentioned","members":2,"id":"sb:r/8d4b929c2d317a31da12e2a4"},{"kind":"relation","label":"co-mentioned with morpho (19 documents)","role":"co-mentioned","relationKind":"co-mentioned","members":2,"id":"sb:r/f616b3dd54e2cc982be3cd07"},{"kind":"relation","label":"co-mentioned with treasury (17 documents)","role":"co-mentioned","relationKind":"co-mentioned","members":2,"id":"sb:r/b521eb5aaf96779d68b4481f"},{"kind":"relation","label":"co-mentioned with coinbase (16 documents)","role":"co-mentioned","relationKind":"co-mentioned","members":2,"id":"sb:r/ac9065d6bb23f9d1118c70d6"},{"kind":"relation","label":"co-mentioned with digital asset (14 documents)","role":"co-mentioned","relationKind":"co-mentioned","members":2,"id":"sb:r/f8bb8b09def6508a3f63faf3"},{"kind":"relation","label":"co-mentioned with defi (12 documents)","role":"co-mentioned","relationKind":"co-mentioned","members":2,"id":"sb:r/0fe0d91d0873b92f34e04f4a"}],"cursor":"c1.eyJpZCI6InNiOmUvNjZlM2E0OTA3ZTM2ZjQxODlhMzFmODcxIiwibCI6InJlbGF0aW9ucyIsIm8iOjEwLCJrIjpudWxsLCJhIjoiMjAyNi0xMC0wOFQxNzozMToxMy44MjU5NjgrMDA6MDAifQ","order":"situations first, then claims (the subject's own maintained record, then site-wide corroborated clusters; each label ends with its standing), then co-mentions by shared documents, descending. Co-mentions are the ten strongest the entity graph keeps per entity"},"edge":{"state":"continues"},"links":{"rest":"/api/v1/node/e/66e3a4907e36f4189a31f871","mcp":"traverse {\"id\":\"sb:e/66e3a4907e36f4189a31f871\"}","page":"/entity/bitcoin-backed/"},"limits":{"levelsPerCall":1,"pageSize":10,"maxPageSize":50,"membersMax":50,"statement":"One level per call: depth is 1 and only 1, and there is no whole-graph dump. pageSize 1-50 (default 10); a page limit is a cursor, never an edge. Members are listed up to 50. At most 60 traverse calls a minute per caller (runaway-loop protection, not a meter). One knowledge cutoff is served: the deploy's."},"actions":[{"verb":"unfold","lit":true,"effect":"read","layer":"cantina","call":"traverse {\"id\":\"sb:e/66e3a4907e36f4189a31f871\",\"level\":\"children\"}"},{"verb":"fold","lit":true,"effect":"read","layer":"cantina","call":"traverse {\"id\":\"sb:e/66e3a4907e36f4189a31f871\"}"},{"verb":"panOut","lit":false,"effect":"read","layer":"cantina","reason":"An entity is a root: it is contained by nothing. Pan out by following R."},{"verb":"follow","lit":true,"effect":"read","layer":"cantina","call":"traverse {\"id\":\"sb:e/66e3a4907e36f4189a31f871\",\"level\":\"relations\"}"},{"verb":"receipts","lit":false,"effect":"read","layer":"cantina","reason":"receipts are the observations below this node; unfold to reach them"},{"verb":"edge","lit":true,"effect":"read","layer":"cantina","call":"traverse {\"id\":\"sb:e/66e3a4907e36f4189a31f871\"}"},{"verb":"asOf","lit":false,"effect":"read","layer":"cantina","reason":"v1 serves one knowledge cutoff, this deploy's; walking an earlier cutoff needs retained history (EQ-REPLAY), which v1 does not keep"},{"verb":"switchObserver","lit":false,"effect":"read","layer":"cantina","reason":"the public record is the same for every observer; traversal through a Watch's lens is not served in v1"},{"verb":"readOriginal","lit":false,"effect":"read","layer":"cantina","reason":"no translation is applied on this node; every label is the source's own text"},{"verb":"save","lit":false,"effect":"watch-declaration","layer":"workshop","reason":"saving applies to a configured Watch; configure one around this node first (free), then save it"},{"verb":"deliver","lit":false,"effect":"watch-declaration","layer":"workshop","reason":"delivery applies to a saved Watch"},{"verb":"format","lit":false,"effect":"watch-declaration","layer":"workshop","reason":"output format applies to a saved Watch"},{"verb":"deltaR","lit":false,"effect":"read","layer":"workshop","reason":"Delta R needs a saved Watch with a previous reading"},{"verb":"read","lit":false,"effect":"read","layer":"docking-bay","reason":"one-time Reads are parked until the Commander decides their shape (#938)"}]}