Coinbase launches crypto collateralized lending in the UK, supporting borrowing USDC with BTC, ETH, and cbETH

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Golden Finance reports that on April 20th, Coinbase announced the launch of a crypto collateralized lending service in the UK, allowing users to use BTC, ETH, and cbETH as collateral to borrow USDC within 1 minute.
The related service is supported by the open-source lending protocol Morpho on the Base chain.
Coinbase stated that this product was launched ahead of 2025, and as of April 14, 2026, the total loans issued via Coinbase through Morpho have exceeded 2.17 billion USDC.
Users can view loan health, historical annual interest rates, and liquidation alerts within the Coinbase App, with interest rates dynamically adjusted according to market conditions.

BTC-0.43%
ETH-0.8%
USDC-0.01%
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