PANews reported on January 23 that, according to CoinDesk, Coinbase has launched a new lending feature for eligible users in the United States (excluding New YorkPANews reported on January 23 that, according to CoinDesk, Coinbase has launched a new lending feature for eligible users in the United States (excluding New York

Coinbase allows US users to borrow up to $1 million in USDC using cbETH as collateral.

2026/01/23 17:47

PANews reported on January 23 that, according to CoinDesk, Coinbase has launched a new lending feature for eligible users in the United States (excluding New York State), allowing them to borrow up to $1 million in USDC using their tokenized Ethereum tokens, cbETH, as collateral. This enables investors to raise funds without selling or unstaking their ETH.

This feature is powered by the on-chain lending protocol Morpho, offering overcollateralized, variable-rate loans with no fixed repayment term. Users can exchange borrowed USDC for USD within the platform. This move aims to expand the use of staking Ethereum, allowing users to obtain liquidity while maintaining ETH price exposure and staking rewards. Users must keep their loan-to-value ratio below 86% to avoid triggering automatic liquidation during periods of high market volatility.

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