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Guavy AI Editorial Team••Sentiment: 2.8•Clout: 72

Coinbase Expands Lending Services to UK Users

BTCETHUSDCcoinbase

Coinbase has expanded its lending services to UK users, enabling them to borrow USDC stablecoins against their cryptocurrency holdings.

The company operates through Morpho, an open-source lending protocol on Base, the Coinbase-backed Ethereum layer-2 network that powers crypto-backed loans. This move allows U.K. users to pledge their cryptocurrencies as collateral without liquidating their digital assets.

Borrowing limits vary by collateral type, with Bitcoin holders able to access up to $5 million in USDC and Ethereum-backed loans topping out at $1 million. This service has facilitated $2.17 billion USDC in loan originations as of April 14, according to Coinbase's latest data.