Mars Finance reports that Coinbase has announced the launch of its crypto-collateralized lending service in the UK. Users can borrow USDC within one minute using BTC, ETH, and cbETH as collateral. The service is powered by Morpho, an open-source lending protocol on the Coinbase blockchain. Coinbase stated that the product will launch in 2025, and as of April 14, 2026, the total amount of loans disbursed through Morpho via Coinbase has exceeded 2.17 billion USDC. Users can view loan health, annualized interest rate history, and liquidation alerts within the Coinbase App. Interest rates will be dynamically adjusted according to market conditions.
Coinbase launches crypto-collateralized lending in the UK, allowing borrowers to use BTC, ETH, and cbETH to borrow USDC.
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