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Crypto
Coinbase adds SOL-backed onchain loans of up to $100,000
Coinbase has added Solana-backed onchain loans, allowing users to deposit their SOL and borrow up to $100,000. The loans use the same structure as Coinbase’s existing crypto-collateral lending, which links to Morpho on Base, The Block reported. Coinbase said the SOL addition is aimed at making the platform more suitable for Solana trading and custody. Since launch last year, cumulative loans have exceeded $2.3 billion.
Crypto
Coinbase lists pound-pegged stablecoin tGBP, expands UK push
Coinbase has listed tGBP, a pound-pegged stablecoin issued under the UK Financial Conduct Authority framework, on its global platform. The token is issued by BCP Technologies and is backed by cash and short-term UK government bonds, redeemable 1 to 1 for pounds. Coinbase opposed requiring systemically important issuers to hold 40 percent of reserves as non-interest-bearing central bank cash and criticised issuance caps.
Crypto
Coinbase expands UK lending offering, crypto-backed up to $5 million
Coinbase is launching a USDC loan service for UK investors using cryptocurrencies as collateral. UK users can deposit bitcoin, ether or Coinbase Wrapped Staked ETH as collateral and borrow USDC through the Morpho lending protocol on the Base platform. Loans can be worth up to $5 million in USDC when backed by bitcoin, with variable interest rates and no fixed repayment schedule. Loans may be liquidated if loan-to-value thresholds are breached.
