Coinbase Launches Bitcoin-Backed Loans via Morpho Platform
- Coinbase offers Bitcoin-backed loans up to $100,000 in USDC stablecoins.
- The service uses the decentralized finance platform Morpho.
- Loans are available to U.S. customers, excluding New York residents.
- Interest rates are variable and determined by market conditions.
- No minimum payments or fixed deadlines for loan repayment.
Coinbase has introduced a new financial service allowing U.S. customers, except those in New York, to borrow up to $100,000 in USDC stablecoins using their Bitcoin as collateral. The loans feature flexible terms with variable interest rates set by the Morpho platform.
