He wrote: "The feedback has been very strong, and there was a recent story about a person who was originally going to sell his BTC to fund a home renovation project, but he was able to use it as collateral to borrow and continue investing, while still obtaining the funds for that project."
Max mentioned that users are utilizing this feature to take out loans with BTC as collateral, avoiding asset liquidation to raise funds.
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Coinbase Product Head: Total on-chain lending on Coinbase exceeds $400 million
Gate News bot消息，Coinbase产品负责人Max Branzburg表示，Coinbase用户自推出以来的短短几个月内就已以约5%的Intrerest Rate借入了4亿美元的USDC。
He wrote: "The feedback has been very strong, and there was a recent story about a person who was originally going to sell his BTC to fund a home renovation project, but he was able to use it as collateral to borrow and continue investing, while still obtaining the funds for that project."
Max mentioned that users are utilizing this feature to take out loans with BTC as collateral, avoiding asset liquidation to raise funds.
Source: X