The post Coinbase Introduces Ether-Backed USDC Loans for US Customers appeared com. TLDR Coinbase has launched Ether-backed loans for US customers, enabling them to borrow USDC without selling their ETH. The Morpho DeFi lending protocol powers the new service and is available in most US states, excluding New York. Users can borrow up to $1 million in USDC, with variable rates and liquidation risks based on market conditions. Coinbase plans to expand this offering to include loans backed by other assets, such as staked Ether (cbETH). The platform’s on-chain lending markets have processed over $1. 25 billion in loan originations backed by $1. 37 billion in collateral. Coinbase has introduced Ether-backed loans for US customers, allowing them to borrow USDC without selling their Ether (ETH) holdings. This new service is available in most US states, excluding New York, and is powered by Morpho, a decentralized finance (DeFi) lending protocol. Customers can borrow up to $1 million in USDC, with variable rates and liquidation risks tied to market conditions. Partnership with Morpho and Expansion Plans In collaboration with Morpho, Coinbase now offers a new way for users to leverage their ETH for borrowing USDC. The integration of Morpho allows Coinbase customers to access DeFi lending products through its platform. Coinbase has also indicated that it plans to expand the loan offering to other crypto assets, such as staked Ether (cbETH), in the future. Coinbase emphasized that the new product adds a flexible borrowing option for those who prefer not to sell their Ether. This feature meets the growing demand for liquidity without requiring the liquidation of digital assets. The integration of Morpho, added to Coinbase in September, has already yielded up to 10. 8% on USDC holdings. Coinbase’s New ICO Platform Restores Access to Token Sales According to Dune Analytics, Coinbase’s on-chain lending markets have already processed over $1. 25 billion in loan originations. These loans.