Coinbase Introduces Bitcoin-Backed Loans: Borrow Up to $100,000 in USDC Securely and Easily
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 ...
