Coinbase Now Lets Users Borrow USDC Against Ethereum — Here Is What the New Lending Update Means

Coinbase has recently introduced a new feature that allows users to borrow USDC, a stablecoin pegged to the US dollar, by using their Ethereum holdings as collateral. This innovative lending update offers a new level of financial flexibility for users, enabling them to access liquidity without having to sell their Ethereum assets. Essentially, this means that individuals can leverage their crypto investments to obtain cash in the form of USDC while still retaining ownership of their Ethereum. This change could significantly impact how users engage with their cryptocurrency portfolios, providing them with additional options for managing their finances and investment strategies. Here’s a closer look at what this new lending update entails and the potential implications for users of the platform. source: https://blocknews.com/coinbase-now-lets-users-borrow-usdc-against-ethereum-here-is-what-the-new-lending-update-means/