Coinbase has introduced a new Bitcoin-backed loan service, allowing U.S. users to borrow up to $100,000 in USD Coin (USDC) without selling their Bitcoin. This service, available to most U.S. residents (excluding New York), operates on Coinbase’s Ethereum layer-2 network. Borrowers must over-collateralize their loans, converting their Bitcoin into a token called Coinbase Wrapped Bitcoin ...
Coinbase has introduced a new service allowing users to borrow up to $100,000 in USDC stablecoins by using their bitcoin as collateral. This innovative feature can be accessed through the Coinbase app, with loans managed by the DeFi platform Morpho on the Base blockchain. Borrowing against bitcoin enables users to raise funds without triggering a ...
Coinbase has introduced a new service that allows users to use their bitcoin as collateral for loans of up to $100,000 in USD Coin (USDC). This service is accessible through the Coinbase app and is powered by the decentralized finance platform, Morpho, on the Base blockchain. Users can raise funds without selling their bitcoin, avoiding ...
