Coinbase rolls out UK crypto-backed loans as FCA shapes rules

Coinbase rolls out UK crypto-backed loans as FCA shapes rules

1.12%BTC$75,760 1.49%XLM$0.1741 3.37%TRX$0.3285 1.22%XMR$354.11 0.37%DOGE$0.09499 0.76%BCH$441.90 0.78%ADA$0.2472 0.64%BNB$630.26 1.42%ETH$2,313 1.20%SOL$85.26 0.83%HYPE$41.31 0.26%XRP$1.42 1.01%USD Written by Ezra Reguerra,Staff WriterReviewed by Bryan O'Shea,Staff EditorCoinbase rolls out UK crypto-backed loans as FCA shapes rules15 hours agoCoinbase launched USDC loans for UK users backed by BTC, ETH and cbETH, expanding its borrowing product as Britain moves toward a crypto regulatory regime. Crypto exchange Coinbase has rolled out crypto-backed USDC loans for users in the United Kingdom, allowing users to borrow USDC against Bitcoin, Ether and Coinbase Wrapped Staked Ether (cbETH). The loans are issued through Morpho, a lending protocol on Base. According to a Monday announcement, users can borrow up to $5 million in USDC (USDC) with Bitcoin (BTC)-backed loans, depending on how much

Source: https://cointelegraph.com/news/coinbase-crypto-backed-usdc-loans-uk-morpho-fca-rules?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound