📈 Coinbase rolls out UK crypto-backed loans as FCA shapes rules • Coinbase introduces USDC loans for UK users, backed by Bitcoin (BTC), Ethereum (ETH), and cBitcoin (cbETH). • The move expands Coinbase's lending product as the UK prepares to establish a crypto regulatory framework. • Loans are available in USDC, a stablecoin pegged to the US dollar. • The use of BTC, ETH, and cbETH as collateral suggests a growing interest in decentralized lending options. 🔗

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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