Coinbase users can now borrow USDC against bitcoin at a fixed rate
macro
Coinbase now allows eligible users to borrow USDC against bitcoin collateral at a fixed interest rate through its lending service. The product provides liquidity without requiring users to sell their bitcoin, while exposing them to collateral-maintenance and potential liquidation risks if BTC declines. The offering expands regulated, exchange-integrated borrowing options and could support additional leverage and demand for bitcoin-backed credit.
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