Coinbase Rolls Out Bitcoin-Backed Loans, Allowing Users to Borrow up to $1 Million in USDC

Coinbase has rolled out Bitcoin-backed loans, allowing U.S. users excluding New York to borrow up to $1 million in USDC using Bitcoin as collateral.

Coinbase has launched Bitcoin-backed loans, enabling U.S. users (excluding New York) to borrow up to $1 million in USDC using Bitcoin as collateral.

The service, built in partnership with Morpho Labs on Coinbase’s Base blockchain, was initially announced with a $100,000 loan cap in January 2025, but it was confirmed to be expanding to $1 million by April 30, 2025.

It was also disclosed that over $130 million in loans had already been originated through the program, backed by $227 million in cryptocurrency put up by borrowers.

Coinbase is also planning to support more collateral assets and expand the service to new markets around the world.

Coinbase is launching a bitcoin-backed loan program.

U.S.-based users (excluding New York) will be able to borrow up to $1 million in stablecoin in the form of USDC, with a variable interest rate as low as 5%, by posting bitcoin (BTC) as collateral.

The service, which is powered by Coinbase's Base blockchain and Morpho Labs, was initially announced in January 2025, with an integration of Coinbase Wrapped Bitcoin (cbBTC) into Morpho's smart contract.

It was said at the time to be kicking off with a loan cap of $100,000. But in an update on April 30, 2025, Coinbase confirmed that the maximum loan amount is now $1 million.

The service also has no fixed repayment schedule and borrowers will maintain a loan-to-value (LTV) ratio below 86% to avoid liquidation, which will incur a penalty fee.

It was also disclosed that the program has already seen more than $130 million in loan originations, backed by $227 million in cryptocurrency.

Coinbase is planning to support more collateral assets and expand the service to new markets around the world.

It is also launching a new capital syndicate, Tekedia Capital Syndicate, which will invest in promising startups.

The contribution will unlock early-bird access to an exclusive online financial literacy program, Mini-MBA 17, running from June 9 to September 6, 2025, and an entire year of access to Blucera.com.

Those who prefer to learn about AI in the business context can join the Tekedia AI in Business Masterclass, which is now registering participants.

Coinbase is launching bitcoin-backed loans with a twist: they’re powered by Morpho Labs and Base.

The service, which offers variable interest rates as low as 5%, will allow users to borrow up to $1 million in USDC by putting bitcoin (BTC) on deposit.

It was initially announced in January 2025, kicking off with a limited-edition installment of Mini-MBA 16.

The service began with a loan cap of $100,000, but this has since been increased to $1 million, according to an announcement from Coinbase on April 30, 2025.

At the time, it was also disclosed that the program has already seen more than $130 million in loan originations, backed by $227 million in cryptocurrency.

Coinbase is planning to support more collateral assets and expand the service to new markets around the world.

Those interested in joining Tekedia Capital Syndicate and co-invest in promising startups can do so here.

Register to become a better CEO or Director with Tekedia CEO & Director Program.

Coinbase is expanding its offerings with bitcoin-backed loans, powered by Morpho Labs on Base and available to U.S. users (excluding New York).

This service, initially announced in January 2025 with a limited-edition installment of Mini-MBA 16, will allow users to borrow up to $100,000 in a stablecoin (USDC) with a starting variable interest rate of 5%.

It will also feature a low-latency liquidator and a competitive liquidation penalty rate.

Coinbase will be converting users’ bitcoin into Coinbase Wrapped Bitcoin (cbBTC) and placing it into a Morpho smart contract for the service.

The service is kicking off with a loan cap of $100,000.

However, in an update on April 30, 2025, Coinbase confirmed that the maximum loan amount is actually $1 million.

Coinbase is also planning to support more collateral assets and expand the service to new markets around the world.

Coinbase is launching bitcoin-backed loans in partnership with Morpho Labs on Base.

The service, which offers variable interest rates as low as 5%, will allow users to borrow up to $1 million in USDC by posting bitcoin (BTC) as collateral.

It was initially announced in January