Coinbase increased its Bitcoin-backed USDC loan limit to $1 million, aiming to boost adoption of its onchain loan program. Launched on January 16 in collaboration with Morpho, the program has seen over $130 million in total onchain loan originations backed by approximately $227 million in onchain collateral. The increased limit, announced recently, allows users to borrow more USDC against their Bitcoin holdings without selling.
Coinbase increases Bitcoin-backed USDC loan limit to $1 million
Edited by: Yuliya Shumai
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