Coinbase Launches ETH-Backed Loans for U.S. Users

[ed]

Coinbase has rolled out Ether-backed loans for U.S. customers, allowing users to borrow up to $1 million in USDC without selling their ETH. Powered by Morpho and running on Base, the product offers variable rates and carries liquidation risk tied to market swings. Available in most states except New York, Coinbase also plans to expand the program to include loans backed by cbETH, its staked Ether token.

[Nahid Hossen]

ETH-backed loans give users more flexibility without leaving the crypto ecosystem. 🧩

[JanEmil]

EU left out again