Coinbase's expanded crypto-backed loans could enhance liquidity and financial flexibility for users, potentially boosting broader crypto adoption.
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Key Points of the Coinbase News now allows eligible users from the US, outside New York, to borrow up to $100,000 in USDC using HYPE and ZEC as collateral. Loans run through Morpho on Base, allowing users to access liquidity without immediately selling their cryptocurrencies. The expansion incorporates two assets into the market.