Coinbase users can now borrow USDC against bitcoin at a fixed rate
Nasdaq-listed exchange Coinbase COIN$199.50·Market Closed now allows its users to borrow dollar-pegged stablecoin USDC agains their bitcoin BTC$86,190.18 holdings with no surprises on what they’ll pay in interest. The exchange has rolled out fixed-rate, bitcoin-backed USDC loans, with the interest rate and repayment date set at the time of borrowing, an alternative to the floating-rate loans Coinbase already offers.