$COIN launches Bitcoin-backed loans (Patreon)

Coinbase will now allow you to Borrow USDC against bitcoin, without selling it. Rolling out to US users (ex. NY) starting now. More collateral assets and regions to come. Powered by @MorphoLabs and built on @Base

Coinbase are doing great things w Base.

Rem the rules as always - never more than 10% loaned out and never more than 25% LTV

PS I would not do it