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Coinbase launches fixed-rate Bitcoin-backed USDC loans through Morpho Midnight

Verifying
  • Coinbase launched fixed-rate, fixed-term USDC loans backed by Bitcoin through Morpho Midnight.
  • More than $1.4 billion in existing loans are active or outstanding, with about $3 billion collateral.
  • Borrowers who miss maturity payments may have their pledged Bitcoin seized.
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