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Coinbase Launches UK Crypto Lending Using DeFi Protocol Morpho as Its Backend
Coinbase has launched its crypto-backed lending product for UK customers with the underlying infrastructure provided by the DeFi lending protocol Morpho. UK users can now borrow USDC against Bitcoin and Ethereum holdings directly through Coinbase's interface — but the loan itself is processed on-chain, not on Coinbase's balance sheet. The mechanics are straightforward. When a user opens a position, their collateral moves into a Morpho smart contract on the Base network. The USDC is then disbursed from the Morpho protocol to the user's Coinbase account. Coinbase is the front-end; Morpho is the book. Rather than ... (full story)
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Iran doesn’t want the Strait of Hormuz closed, they want it open so they can make $500 Million Dollars a day (which is, therefore, what they are losing if it is closed!). They only say they want it closed because I have it totally BLOCKADED (CLOSED!), so they merely want to “save face.” People approached me four days ago, saying, “Sir, Iran wants to open up the Strait, immediately.” But if we do that, there can never be a Deal with Iran, unless we blow up the rest of their Country, their leaders included! President DONALD J. TRUMP
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