Coinbase brings back Bitcoin loans to US users with DeFi lending protocol Morpho

Reprinted from panewslab

01/16/2025·17days ago

PANews January 16 news, according to DL News, Coinbase is reintroducing Bitcoin loans to US users. The new cryptocurrency-backed loans are available to US customers (except New York State) and will be available in other jurisdictions over time. Provided by jurisdiction. Coinbase says its new cryptocurrency-backed loan is different from its previous products. The exchange itself does not provide lending services, it is just a middleman. The business is powered by DeFi lending protocol Morpho.

Max Branzburg, vice president of product at Coinbase, said that when users borrow USDC with Bitcoin, their collateral is automatically converted into cbBTC and transferred to the Morpho protocol.

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