Coinbase & Morpho Bring Onchain Borrowing to the UK! 🇬🇧
Huge news for the UK crypto scene! Coinbase has officially launched an instant USDC borrowing service for UK users, powered by the Morpho onchain protocol on the Base network.
This move brings institutional-grade DeFi efficiency directly to retail and pro traders. Here is the breakdown:
Collateral: Use your $BTC, $ETH, or $cbETH to unlock liquidity.
Scale: Access loans up to £5 million instantly.
Flexibility: Benefit from variable rates and no fixed repayment deadlines.
Proven Tech: The Morpho-powered integration has already surpassed $2.17 billion in total loan originations.
By leveraging the Base L2, Coinbase is making onchain credit faster and more accessible than ever. Whether you're looking to hedge, manage taxes, or boost your capital efficiency, the tools are now at your fingertips.
Is this the bridge DeFi needs for mass adoption in the UK? Let’s discuss below! 👇