Interest in Bitcoin-backed loans returns: Will TradFi join this time?
The Bitcoin-backed loans market is expected to grow fivefold in the coming years. Cointelegraph explores the nuts and bolts of the niche industry. Source link
Coinbase rolls out Bitcoin-backed loans via Defi protocol Morpho
Coinbase customers can borrow up to $100,000 USDC in less than one minute without ever having to sell their Bitcoin. Coinbase has introduced a new service allowing users to borrow USD Coin (USDC), a dollar-pegged stablecoin, by using Bitcoin as collateral. The feature, available to U.S. customers (excluding those in New York), is designed to […]
Coinbase launches Bitcoin-backed loans through Morpho DeFi partnership
Coinbase vice president Max Branzburg said the product demonstrates the exchange’s “commitment to economic freedom.” Source link
RWA platform Allo secures $100m Bitcoin-backed credit facility
Allo, a real-world assets tokenization platform, has secured $100 million in debt financing to bolster its Bitcoin-backed lending business. On Dec. 23, the Allo team announced the platform had successfully secured the Bitcoin (BTC)-backed credit facility in a financing round led by a consortium of lenders. These included London-based digital finance pioneer Greengage and an […]
