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Coinbase expands USDC borrowing to UK, allowing loans against bitcoin, ether
Coinbase has expanded its crypto-backed lending service to the United Kingdom, allowing users to borrow up to $5 million in USDC against other crypto assets via Morpho on Base, with loans overcollateralized. The service initially supports collateral in bitcoin, ethereum and cbETH (Coinbase wrapped staked ether), with the pledged assets transferred onchain into a Morpho smart contract until the loan is repaid, the exchange said in a statement on Monday. According to the statement, users can access the borrowing feature through the “Borrow” section of the Coinbase app by selecting a collateral asset and specifying ... (full story)
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