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Borrow Without Selling: A Look at Coinbase's New Bitcoin Lending Solution
TLDR: Coinbase and Morpho have partnered to offer Bitcoin-backed USDC loans up to $100,000 on the Base blockchain, with Bitcoin automatically converted to cbBTC as collateral The service is currently available to US customers (except NY state), with plans for global expansion, particularly targeting the EU market Interest rates are variable and determined by Morpho's [.
TLDR: Coinbase and Morpho have partnered to offer Bitcoin-backed USDC loans up to $100,000 on the Base blockchain, with Bitcoin automatically converted to cbBTC as collateral The service is currently available to US customers (except NY state), with plans for global expansion, particularly targeting the EU market Interest rates are variable and determined by Morpho's [. What's Your Reaction?
