Coinbase 现在允许美国客户使用比特币作为抵押品借入最多 100,000 美元的 USDC

该产品是与 Morpho 合作的，Morpho 是 Coinbase Base 网络上的借贷协议。

Coinbase now allows US customers to borrow up to $100,000 in USDC using bitcoin as collateral, the exchange announced today (Thursday). This offering is in collaboration with Morpho, a lending protocol on Coinbase's Base network.

Coinbase 今天（周四）宣布，现在允许美国客户使用比特币作为抵押品借入最多 10 万美元的 USDC。该产品是与 Morpho 合作的，Morpho 是 Coinbase Base 网络上的借贷协议。

This service offers an alternative to traditional credit-based loans by enabling crypto holders to tap into liquidity without parting with their assets.

这项服务提供了传统信用贷款的替代方案，使加密货币持有者能够在不放弃资产的情况下利用流动性。

"Customers can instantly borrow USDC at competitive interest rates with flexible, open-ended repayment terms," the exchange explained. "Loans are powered by Morpho, an open-source lending protocol on Base. Crypto-backed loans will launch with Bitcoin as collateral, with plans to add more assets in the future."

该交易所解释说：“客户可以立即以具有竞争力的利率借入 USDC，还款条件灵活、开放。” “贷款由 Morpho 提供支持，Morpho 是 Base 上的开源贷款协议。加密货币支持的贷款将以比特币作为抵押品推出，并计划在未来增加更多资产。”

Crypto Loans On-chain

链上加密贷款

By integrating Morpho's lending capabilities into its intuitive interface, Coinbase aims to remove technical hurdles that have historically deterred users. Unlike conventional loans that rely on credit scores, crypto-backed loans require borrowers to pledge collateral, more than the amount they intend to borrow. For example, borrowing $100,000 in USDC means pledging an equivalent or greater amount of bitcoin.

通过将 Morpho 的借贷功能集成到其直观的界面中，Coinbase 旨在消除历史上阻碍用户的技术障碍。与依赖信用评分的传统贷款不同，加密货币支持的贷款要求借款人提供比他们打算借款的金额更多的抵押品。例如，借入 10 万美元的 USDC 意味着质押等值或更多的比特币。

If the collateral value dips due to market fluctuations, Morpho's protocol automatically liquidates assets to cover the loan. Coinbase mentioned that the new service will be available in the US, excluding New York state.

如果抵押品价值因市场波动而下跌，Morpho 协议会自动清算资产以偿还贷款。 Coinbase 提到，新服务将在美国推出，不包括纽约州。

Coinbase's new loan service involves several interconnected steps: Users pledge bitcoin, which gets converted to Coinbase's wrapped Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term (cbBTC). cbBTC is sent to Morpho, where the USDC loan is disbursed.

Coinbase 的新贷款服务涉及几个相互关联的步骤： 用户质押比特币，比特币被转换为 Coinbase 的打包比特币 比特币 虽然有些人可能仍然想知道比特币是什么、谁创造了比特币，或者比特币是如何运作的，但有一件事是肯定的：比特币已经改变了人们的生活。没有人能够对这种革命性的、去中心化的数字资产及其区块链技术保持无动于衷。事实上，自从佛罗里达州居民 Laszlo Hanyecz 用真实的比特币进行了第一笔正式商业交易以来，我们已经走了很长一段路。他在当地的棒约翰店用 10,000 个比特币换取 2 个披萨。现在有人可能会说，虽然有些人可能仍然想知道什么是比特币、谁创造了比特币，或者比特币是如何运作的，但有一件事是肯定的：比特币已经改变了世界。没有人能够对这种革命性的、去中心化的数字资产及其区块链技术保持无动于衷。事实上，自从佛罗里达州居民 Laszlo Hanyecz 用真实的比特币进行了第一笔官方商业交易以来，我们已经走了很长的路。公司通过在当地棒约翰店用 10,000 比特币交易 2 个披萨来创建公司。现在有人可能会说“阅读这个术语”(cbBTC)。 cbBTC 被发送至 Morpho，并在那里支付 USDC 贷款。

Loans come with flexible repayment terms and competitive interest rates. Borrowers can manage their loans directly through the Coinbase app. Real-time updates and liquidation warnings ensure users stay informed. Borrowed funds can be used for various purposes, from financing major purchases to supporting trading activities.

贷款具有灵活的还款条件和具有竞争力的利率。借款人可以直接通过 Coinbase 应用程序管理他们的贷款。实时更新和清算警告确保用户随时了解情况。借入的资金可用于多种目的，从融资重大采购到支持贸易活动。

Accessing Bitcoin-Backed Loans

获得比特币支持的贷款

"The launch of Coinbase Wrapped Bitcoin (cbBTC) in September gave our customers the ability to move and use their bitcoin on-chain, the exchange added. "Now, customers can tap into the benefits of cbBTC without having to leave Coinbase."

该交易所补充道：“9 月份推出的 Coinbase Wrapped Bitcoin (cbBTC) 使我们的客户能够在链上移动和使用他们的比特币。现在，客户无需离开 Coinbase 就可以享受 cbBTC 的好处。”

Coinbase sees crypto-backed loans as a step towards reshaping personal finance. By leveraging decentralized finance (DeFi), the platform offers a transparent and user-friendly alternative to traditional banking.

Coinbase 将加密货币支持的贷款视为重塑个人财务的一步。通过利用去中心化金融（DeFi），该平台为传统银行业务提供了透明且用户友好的替代方案。

Meanwhile, a judge recently ruled in favor of Coinbase, delivering a blow to the Securities and Exchange Commission over its refusal to establish clear regulations for cryptocurrency. The court criticized the SEC's handling of the matter, describing its denial of Coinbase's 2022 petition as "arbitrary and capricious."

与此同时，一名法官最近做出了有利于 Coinbase 的裁决，因其拒绝为加密货币制定明确的法规而对美国证券交易委员会造成了沉重打击。法院批评 SEC 对此事的处理，称其拒绝 Coinbase 2022 年请愿书是“武断且反复无常的”。