Coinbase users can now borrow USDC against bitcoin at a fixed rate
60-second summary
Coinbase now lets users borrow USDC against Bitcoin at a fixed interest rate and set repayment date, expanding its crypto‑credit suite. Borrowers pledge BTC as collateral, receive stable USDC instantly, and lock in a predetermined APR, avoiding market volatility. This service deepens on‑chain lending demand, potentially boosting Coinbase’s revenue and broader DeFi integration.
Coinbase now allows users to borrow the USDC stablecoin against their bitcoin at a fixed interest rate and repayment date.