π Coinbase rolls out UK crypto-backed loans as FCA shapes rules
β’ Coinbase launches USDC loans for UK users backed by BTC, ETH, and cbETH.
β’ Loans are part of an expansion of Coinbase's borrowing product in response to the UK's emerging crypto regulatory environment.
β’ The use of Bitcoin, Ethereum, and cBitcoin as collateral suggests a growing acceptance of digital assets as a store of value and medium of exchange.
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#bitcoin #regulation #defi #privacy #ethereum #content #summarized
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Cointelegraph
Coinbase Expands Crypto-Backed USDC Loans to UK Users
Coinbase said users can borrow USDC by pledging BTC, ETH or cbETH as collateral, with variable rates and liquidation thresholds managed through Mor...
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