Cryptocurrency exchange Coinbase has relaunched its Bitcoin-backed loan service, allowing customers in the United States (excluding New York) to borrow up to $100,000. The loans are provided in USD Coin (USDC) using collateralized Bitcoin and are facilitated through Coinbase's Ethereum layer 2 network and powered by Morpho Labs. With Bitcoin's market value soaring, Coinbase is capitalizing on increased market activity and the wealth accumulated by Bitcoin holders. The service requires borrowers to collateralize 133% of their loan value as a security measure, with flexible repayment terms and competitive interest rates. Coinbase's offering aims to attract wealthy individuals and families who want to access liquidity while retaining their investment positions. As regulatory landscapes evolve, Coinbase's lending service is well-positioned to thrive in a potentially growing market.



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