🚨 #Breaking: Coinbase now offers cryptocurrency-backed loans in the UK.
Users can now borrow $USDC against their Bitcoin and Ethereum balances in under a minute. This feature provides access to liquidity without the need to sell digital assets.
The Morpho platform then transfers the loan to the user's Coinbase account "within seconds," where it can be converted to fiat currency.
The platform noted that there is no set repayment schedule, and borrowers can repay their loans at any time. It added that liquidation occurs when the loan amount plus accrued interest reaches a certain threshold relative to the collateral value.#StrategyBTCPurchase #WhatNextForUSIranConflict
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