Coinbase partners with Morpho to introduce Bitcoin-backed loans on Base

Coinbase announced a partnership with money market Morpho on Jan. 16 to offer on-chain USD Coin (USDC) loans backed by Bitcoin (BTC), according to a Jan. 16 release. The service will allow Coinbase users to borrow USDC by pledging Bitcoin as collateral. Loans are processed through the layer-2 blockchain Base. The collateral is automatically converted […] The post Coinbase partners with Morpho... source: https://cryptoslate.com/coinbase-partners-with-morpho-to-introduce-bitcoin-backed-loans-on-base/