Coinbase 客戶可以在不到一分鐘的時間內借入高達 100,000 美元的 USDC，而無需出售比特幣

Coinbase 推出了一項新服務，允許用戶使用比特幣作為抵押品借入美元硬幣 (USDC)，這是一種與美元掛鉤的穩定幣。

Coinbase customers in the United States (excluding New York) can now borrow up to $100,000 in USD Coin (USDC) by using their Bitcoin as collateral. This service is provided through a partnership with Morpho, an on-chain lending protocol built on Coinbase’s Base blockchain.

美國（不包括紐約）的 Coinbase 客戶現在可以使用比特幣作為抵押品借入最多 100,000 美元的美元硬幣 (USDC)。這項服務是透過與 Morpho 合作提供的，Morpho 是一個基於 Coinbase 的 Base 區塊鏈構建的鏈上借貸協議。

Here's a breakdown of how it works:

以下是其工作原理的詳細說明：

Customers can pledge their Bitcoin as collateral, which is then converted into cbBTC - a wrapped version of Bitcoin created by Coinbase. This wrapped token enables Bitcoin to be used within decentralized finance (DeFi) systems.

客戶可以質押他們的比特幣作為抵押品，然後將其轉換為 cbBTC——Coinbase 創建的比特幣的包裝版本。這種包裝的代幣使比特幣能夠在去中心化金融（DeFi）系統中使用。

The cbBTC is used to borrow USDC loans from Morpho, which can be used for expenses, transferred globally, or converted into U.S. dollars. There are no fixed repayment schedules, and borrowers can repay at their own pace as long as the loan remains within a safe value range relative to the collateral. However, if Bitcoin’s value drops significantly, liquidations may occur to ensure the loan remains covered.

cbBTC用於向Morpho借入USDC貸款，可用於支出、全球轉帳或兌換成美元。沒有固定的還款時間表，只要貸款相對於抵押品保持在安全價值範圍內，借款人就可以按照自己的步調還款。然而，如果比特幣的價值大幅下跌，可能會發生清算以確保貸款得到償還。

This partnership integrates Coinbase's large customer base with Morpho's decentralized lending platform, expanding the reach of DeFi services. It's worth noting that crypto lending experienced turbulence in 2022 with the bankruptcies of Celsius and BlockFi, which resulted in billions in losses and eroded trust in crypto lending. In this case, Coinbase is facilitating the loans, which are ultimately powered by the decentralized autonomous organization (DAO) governing the Morpho protocol.

此次合作將 Coinbase 的龐大客戶群與 Morpho 的去中心化借貸平台整合在一起，擴大了 DeFi 服務的範圍。值得注意的是，隨著Celsius和BlockFi的破產，加密借貸在2022年經歷了動盪，導致數十億美元的損失，並削弱了人們對加密借貸的信任。在這種情況下，Coinbase 正在為貸款提供便利，這些貸款最終由管理 Morpho 協議的去中心化自治組織 (DAO) 提供支援。

Benefits of Crypto-Backed Loans:

加密貨幣支持貸款的好處：

One benefit of crypto-backed loans is the ability to borrow against Bitcoin without selling it, which can help users defer capital gains taxes. Another advantage is that on-chain lending systems operate transparently, using automated smart contracts to manage funds efficiently.

加密貨幣支援貸款的好處之一是能夠在不出售比特幣的情況下借入比特幣，這可以幫助用戶推遲資本利得稅。另一個優點是鏈上借貸系統運作透明，使用自動化智慧合約有效管理資金。

This move follows Coinbase's September launch of cbBTC, which enabled customers to interact with DeFi applications. By combining cbBTC with USDC loans, Coinbase is bridging traditional finance with decentralized tools, making these services more accessible to users.

在此之前，Coinbase 於 9 月推出了 cbBTC，使客戶能夠與 DeFi 應用程式互動。透過將 cbBTC 與 USDC 貸款結合，Coinbase 將傳統金融與去中心化工具連接起來，使用戶更容易獲得這些服務。

To get started, customers can navigate to the Cash tab in their Coinbase accounts, pledge Bitcoin, and receive USDC within seconds. Loan interest rates adjust automatically based on market activity on the Base blockchain. This launch marks another step toward making decentralized finance more user-friendly.

首先，客戶可以導航到 Coinbase 帳戶中的「現金」選項卡，質押比特幣，並在幾秒鐘內收到 USDC。貸款利率根據基礎區塊鏈上的市場活動自動調整。此次發布標誌著去中心化金融朝著更用戶友好的方向又邁出了一步。