Coinbase 正在利用其 Base 网络上最大的贷款平台 Morpho 推出比特币支持的贷款。

到目前为止，Base 用户已经能够在 Morpho 上用比特币借入 USDC，但现在 Coinbase 正在将 Morpho 的借贷功能直接集成到 UI 中，这为用户消除了一个重大障碍。

Coinbase is now offering Bitcoin-backed loans through the integration of Morpho, the largest lending platform on Base.

Coinbase 现在通过整合 Base 上最大的借贷平台 Morpho 来提供比特币支持的贷款。

Coinbase users can borrow USDC against their Bitcoin on Morpho, with the integration making the process more accessible by directly incorporating Morpho’s lending functionality into Coinbase's UI.

Coinbase 用户可以在 Morpho 上用比特币借用 USDC，通过直接将 Morpho 的借贷功能整合到 Coinbase 的 UI 中，这一集成使这一过程更容易实现。

In traditional finance, credit scores are used to evaluate borrowers for loans. However, since credit scores are not applicable in the crypto space, platforms like Morpho require borrowers to provide collateral that substantially exceeds the loan amount to mitigate the risk of defaults.

在传统金融中，信用评分用于评估借款人的贷款情况。然而，由于信用评分不适用于加密货币领域，Morpho 等平台要求借款人提供远远超过贷款金额的抵押品，以降低违约风险。

"This is a moment where we're planting a flag that Coinbase is coming on-chain, and we're bringing millions of users with their billions of dollars," said Max Branzburg, Coinbase’s head of consumer products.

Coinbase 消费产品主管马克斯·布兰茨伯格 (Max Branzburg) 表示：“此时此刻，我们正在树立 Coinbase 即将上线的旗帜，我们将为数百万用户带来数十亿美元的收益。”

Coinbase’s loans have a maximum cap of $100,000 in USDC, necessitating collateral in Bitcoin that is more than double the loan amount. In the event that the loan-to-value ratio becomes critical, Morpho will liquidate the collateral.

Coinbase 的 USDC 贷款最高限额为 100,000 美元，因此需要以超过贷款金额两倍的比特币作为抵押品。如果贷款价值比变得至关重要，Morpho 将清算抵押品。

"If price swings are reaching any sort of dangerous point, we will share liquidation warnings through the Coinbase app so that you're aware of it and can act," Branzburg explained.

布兰茨伯格解释说：“如果价格波动达到任何危险点，我们将通过 Coinbase 应用程序分享清算警告，以便您了解并采取行动。”

These loans offer several benefits, including earning over 4% in USDC rewards, making global USDC transfers for free, and using USDC on-chain.

这些贷款提供多种好处，包括赚取超过 4% 的 USDC 奖励、免费进行全球 USDC 转账以及在链上使用 USDC。

Furthermore, users can convert USDC to USD at a 1:1 ratio without incurring any fees, allowing them to cover substantial expenses such as purchasing a car or making a mortgage downpayment. By borrowing against bitcoin instead of selling it, users can postpone realizing taxable gains or losses.

此外，用户可以将 USDC 按 1:1 的比例兑换为美元，无需支付任何费用，从而可以支付购买汽车或抵押贷款首付等大笔费用。通过借入比特币而不是出售比特币，用户可以推迟实现应税收益或损失。

Earlier this month, Coinbase was subpoenaed by the Commodity Futures Trading Commission (CFTC) as part of its investigation into the blockchain-based prediction market Polymarket.

本月早些时候，Coinbase 被商品期货交易委员会 (CFTC) 传唤，作为其对基于区块链的预测市场 Polymarket 调查的一部分。

Coinbase notified impacted users that they "may be required to send information" to the CFTC, subject to legal proceedings.

Coinbase 通知受影响的用户，他们“可能需要向 CFTC 发送信息”，但须遵守法律程序。