Coinbase Introduces cbETH-Backed Borrowing for U.S. Users

Coinbase (NASDAQ: $COIN) has launched a new borrowing feature that allows eligible U. S. customers, excluding those in New York, to access up to $1 million in liquidity by using tokenized staked ether as collateral. The product enables users to borrow USDC against cbETH while maintaining exposure to ether price movements and staking rewards, according to the company. source: https://www.cryptoprowl.com/releases/coinbase-introduces-cbeth-backed-borrowing-for-us-users-3057