Coinbase’s Bitcoin-Backed Loans for USDC Draws Mixed Reactions

Coinbase has introduced Bitcoin-backed loans, allowing users to borrow USDC stablecoin without selling their Bitcoin holdings. The service, powered by the open-source lending protocol Morpho and built on the Base blockchain, is available to US customers except for those in New York State. Coinbase Users to Borrow USDC with Bitcoin Collateral The US-based crypto exchange shared the news in a... source: https://beincrypto.com/coinbases-bitcoin-backed-loans/