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Bitcoin Holders Can Now Borrow USDC Through Coinbase and Morpho

- Coinbase’s Bitcoin-backed loans on the Base network offer up to $100K in USDC, eliminating asset sales and hefty tax implications.
- Morpho’s partnership with Coinbase boosted its token by 40%, hitting $4.11, with $222M trading volumes and $6.06B TVL.

On January 16, Coinbase introduced Bitcoin-backed loans in the United States, leveraging the Morpho lending platform on its Base network. This innovation simplifies access for users by integrating Morpho’s borrowing features directly into Coinbase’s interface.

Bitcoin Holders Can Now Borrow USDC Through Coinbase and Morpho

- Coinbase’s Bitcoin-backed loans on the Base network offer up to $100K in USDC, eliminating asset sales and hefty tax implications.
- Morpho’s partnership with Coinbase boosted its token by 40%, hitting $4.11, with $222M trading volumes and $6.06B TVL.

On January 16, Coinbase introduced Bitcoin-backed loans in the United States, leveraging the Morpho lending platform on its Base network. This innovation simplifies access for users by integrating Morpho’s borrowing features directly into Coinbase’s interface.
https://www.crypto-news-flash.com/bitcoin-holders-can-now-borrow-usdc-through-coinbase-and-morpho