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Home›Crypto›Market Structure›Coinbase lets users borrow USDC against bitcoin at a f…

Coinbase lets users borrow USDC against bitcoin at a fixed rate

The new feature lets borrowers lock in a fixed interest rate and a set repayment date while using bitcoin as collateral, according to CoinDesk.

Reported · Written up by our desk · Market Structure

CoinDesk reports that Coinbase has added a way for users to borrow the USDC stablecoin using their bitcoin as collateral.

The borrowing is structured with a fixed interest rate and a specified repayment date, and the loan is repaid on that schedule, the outlet said.

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Sources

CoinDeskCoinbase users can now borrow USDC against bitcoin at a fixed rate

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