Coinbase Lets Users Borrow $100K USDC With Bitcoin As Collateral: Details

Coinbase has launched its new Bitcoins backed loans service which allows customers to get USDC loans up to $100,000 without selling their Bitcoins. This new product built on the Morpho DeFi protocol is based on the exchange’s Ethereum layer 2 solution, base. The service is only open to the United States customers and not for those in New York with the possibility of extending to other markets.