Coinbase launches Bitcoin-collateralized loans in the US: users will be able to borrow up to $100,000 in USDC, using Bitcoin as collateral through the Ethereum Base network with flexible terms and no fees 🔗

Coinbase is once again launching a Bitcoin-collateralized lending program in the US. Users, except for those in New York, will be able to take loans up to $100,000 in USDC, using their Bitcoin assets as collateral. By partnering with the Morpho Labs protocol, the exchange will provide loans through the Ethereum Layer 2 network, Base. The new product emphasizes Coinbase's commitment to economic freedom, offering competitive rates and flexible terms with no fees or credit checks.