Coinbase UK Launches Crypto Collateralized Lending Service
This content has been translated by AI
Summary
Coinbase UK launches a crypto collateralized lending service, allowing users to borrow USDC using as
BroadChain has learned that at 18:30 on April 20, according to PANews, Coinbase UK has launched a crypto asset collateralized lending service in the UK. Users can use their held BTC, ETH, and cbETH as collateral to borrow USDC, thereby obtaining liquidity without selling their crypto assets. This service is provided with lending infrastructure by Morpho, and the product interface is provided by Coinbase Bermuda Technologies Ltd. The interest rate is a floating rate and adjusts dynamically with the Morpho lending pool. There are plans to expand more collateral assets in the future.