Coinbase Crosses $1 Billion in Bitcoin-Backed On-Chain Loans, Brian Armstrong Sets $100B Target
Coinbase has reached a new milestone in on-chain loans, surpassing $1 billion in Bitcoin-backed loans. The service is powered by Morpho, allowing users to borrow USDC by using their BTC holdings as collateral. With the rapid growth of on-chain loans, Brian Armstrong, the CEO of Coinbase, has set the next target for on-chain lending services […]