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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.

Finance

Mortgage loan curbs push borrowers into credit loans, tightening financing for end users

As mortgage loan regulations expand, financing conditions for end users are tightening. Banks are increasingly turning borrowers away at the consultation stage, prompting some to cover shortfalls with credit loans. Demand has shifted to mutual finance lenders, but they are also restricting lending, while savings banks face tougher volume caps. Authorities have capped some savings banks’ household loan growth at 0 percent, raising concerns that borrowing is shifting from mortgages to higher-rate credit loans.

Finance

NH NongHyup Bank launches local settlement finance package, bolsters support outside capital

NH NongHyup Bank said on April 17 it will launch a “local settlement finance package” from the end of this month for regions outside the Seoul metropolitan area to support local economic revitalisation and balanced national development. The programme will run through end-2026 with a 1 trillion won cap for new mortgage borrowers. It will offer a 0.2 percentage-point preferential rate, waive early repayment fees and have the bank cover stamp duty in full.