Coinbase launches crypto collateralized lending in the UK, supporting borrowing USDC with BTC, ETH, and cbETH.

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Deep Tide TechFlow message: On April 20, according to official sources, Coinbase announced the launch in the UK of a crypto-collateralized lending service. Users can use BTC, ETH, and cbETH as collateral to borrow USDC within 1 minute. The related service is supported by the open-source lending protocol Morpho on the Base chain.

Coinbase stated that this product was launched in the United States before January 2025. As of April 14, 2026, the total amount of loans issued via Coinbase through Morpho has exceeded 21.7 billion USDC. Users can view loan health, annual interest rate history, and liquidation alerts within the Coinbase App, and the interest rates will be dynamically adjusted according to market conditions.

BTC-0,23%
ETH-0,71%
USDC-0,01%
MORPHO-1,95%
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