• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Coinbase Introduces New Bitcoin-Backed Loan Feature

user avatar

by Giorgi Kostiuk

a year ago

Coinbase has reintroduced a bitcoin-backed loan feature for its customers in the U.S., allowing them to borrow USDC without selling their bitcoins.

Return of Coinbase's Loan Feature

Coinbase is reintroducing its bitcoin-backed loan feature, excluding customers in New York. Loan limits are based on the value of stored bitcoins. This service will be available using the Morpho DeFi protocol, which can process loans in less than a minute.

Benefits of the New Program

Users taking out loans will earn more than 4% in USDC rewards. The loan recipients can also convert the USDC to fiat USD to cover off-chain expenses, such as buying a car or making a mortgage down payment.

Expansion and Crypto Loan History

Coinbase stated that USDC will be available natively on ten different blockchains, including Ethereum and Base. Notably, the crypto loan market faced tough times in the past, with bankruptcies like BlockFi and Celsius.

The return of Coinbase's bitcoin-backed loan feature marks a new phase in the field of decentralized finance, showing that the platform aims to address previous issues and offer more flexible and secure solutions for its users.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

MARA Holdings Expands Its Infrastructure with Major Land Acquisition in Texas

chest

MARA Holdings has announced a significant acquisition of land in Texas to develop a computing campus.

user avatarRajesh Kumar

AMD to Release Fiscal Q2 2026 Financial Results on August 4

chest

AMD will release its fiscal second quarter 2026 financial results on August 4, 2026.

user avatarArif Mukhtar

Wall Street Analysts Raise AMD's Stock Price Targets Ahead of Earnings Report

chest

Wall Street analysts have raised stock price targets for AMD ahead of its earnings report, reflecting optimism about the company's growth potential.

user avatarLuis Flores

Geopolitical Tensions and Economic Risks Loom Over AMD's Earnings Report

chest

Investors are cautious about AMD's earnings report due to rising geopolitical tensions and economic factors.

user avatarMiguel Rodriguez

Coinbase Report Highlights Editorial Policy outlines the guidelines for content creation, emphasizing accuracy, transparency, and impartiality in reporting.

chest

Coinbase has released a report that emphasizes its strict editorial policy, which focuses on accuracy, relevance, and impartiality.

user avatarMaria Gutierrez

New Analysis Created Utilizing SEC Data.

chest

The report is based on information sourced from the SEC, providing stakeholders with accurate financial insights.

user avatarDavid Robinson

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.