Coinbase Now Lets UK Users Borrow Against Their Bitcoin and Ethereum

In brief

• Coinbase launched crypto-backed USDC lending for U.K. users on Monday.
• Bitcoin holders can borrow up to $5 million in USDC, with Ethereum-backed loans capped at $1 million.
• The service uses Morpho, an open-source lending protocol on Ethereum layer-2 network, Base.