TechFlow News: On April 20, Coinbase announced the launch of its crypto-backed lending service in the UK. Users can collateralize BTC, ETH, and cbETH to borrow USDC in under one minute. This service is powered by Morpho, an open-source lending protocol built on Base.
Coinbase stated that this product first launched in the U.S. in January 2025. As of April 14, 2026, loans facilitated via Coinbase’s integration with Morpho have exceeded $2.17 billion in USDC. Users can monitor loan health, historical annualized interest rates, and liquidation alerts directly within the Coinbase app. Interest rates are dynamically adjusted based on market conditions.
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