Coinbase Introduces USDC Borrowing Option for Tax Payments

Coinbase has introduced a new feature that allows its users to borrow USDC against their cryptocurrency holdings to cover tax bills.

This option is presented as an alternative to selling cryptocurrencies to pay taxes, which could trigger capital gains taxes and create a cycle of selling more to cover new taxes.

According to Coinbase, this option provides users with a way to keep their cryptocurrency holdings intact while still paying their taxes.