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...

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

Source: CryptoSlate

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 […]