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-backed loans are here.
Borrow USDC against bitcoin, without selling it. Rolling out to US users (ex. NY) starting now. More collateral assets and regions to come. Powered by @MorphoLabs and built on @Base.
The future of finance is onchain.
Learn more:… pic.twitter.com/PoLdWLz6aV
— Coinbase (@coinbase) January 16, 2025
Max Branzburg, Head of Consumer Products at Coinbase, highlighted the company’s on-chain strategy and its goal of attracting millions of users wi
