Coinbase Offers Bitcoin-Backed Loans: How Does It Work and How Does It Work? Should you use it?
Coinbase has introduced a new feature that allows its users to borrow funds using their bitcoin holdings as collateral. With this service, users can pledge their bitcoins to obtain loans in USDC, a stablecoin pegged to the US dollar, up to $100,000. This feature launched on Thursday and operates through the Coinbase app, although loans…