finance
Coinbase Expands Crypto-Backed USDC Loans to U.K. Users with Bitcoin and Ethereum Collateral
Coinbase launched a lending service for U.K. customers on Monday, allowing them to borrow USDC stablecoins using Bitcoin or Ethereum as collateral. Borrowing limits reach up to $5 million for Bitcoin and $1 million for Ethereum. The expansion builds on Coinbase's prior U.S. launch and recent U.K. offerings.
Substrate placeholder — needs reviewAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
U.K. users on Monday, enabling customers to borrow USDC stablecoins using Bitcoin or Ethereum holdings as collateral, ZeroHedge reported. Bitcoin holders can borrow up to $5 million in USDC through the service, while Ethereum-backed loans are capped at $1 million.
U.K. users to pledge cryptocurrency as collateral to access USDC liquidity without liquidating their digital assets. The service operates through Morpho, an open-source lending protocol on the Ethereum layer-2 network Base.
Coinbase first introduced this crypto-backed loan service in the United States in January 2025. 17 billion in USDC loan originations. U.K. users just last week.
Coinbase previously launched savings accounts in November 2025. U.K. market. U.K. CEO stated. U.K. ” Coinbase shares on the Nasdaq fell about 1% on the day, trading above $204. Over the last week, the shares have risen nearly 17%.
