Coinbase 为美国客户推出比特币贷款！

Coinbase 通过与去中心化借贷协议 Morpho 的合作，向美国客户提供 DeFi 支持的比特币贷款。

Coinbase is bringing DeFi-backed Bitcoin loans to US customers through its partnership with Morpho, a decentralized lending protocol.

Coinbase 通过与去中心化借贷协议 Morpho 的合作，向美国客户提供 DeFi 支持的比特币贷款。

This new service aims to offer a safer, more customizable crypto lending experience.Coinbase Launches Bitcoin LoansCoinbase has launched a new platform that allows US users to borrow against their Bitcoin holdings through a decentralized finance (DeFi) protocol. In partnership with Morpho, a DeFi lending protocol, this development marks a new phase in crypto-backed lending. The service is available to users across the U.S., except New York, with future plans to expand to more regions.Coinbase does not facilitate the loans directly but acts as an intermediary. Thus, this service is different from other crypto lending programs. The process is powered by Morpho, which enables greater customization and control for Coinbase while ensuring secure management of user funds.

这项新服务旨在提供更安全、更可定制的加密借贷体验。Coinbase 推出比特币贷款Coinbase 推出了一个新平台，允许美国用户通过去中心化金融 (DeFi) 协议以其持有的比特币进行借贷。与 DeFi 借贷协议 Morpho 合作，这一发展标志着加密货币支持借贷进入了新阶段。该服务可供除纽约以外的美国各地用户使用，未来计划扩展到更多地区。Coinbase 并不直接促成贷款，而是充当中介。因此，该服务与其他加密货币借贷项目不同。该流程由 Morpho 提供支持，它可以为 Coinbase 提供更好的定制和控制，同时确保用户资金的安全管理。

BREAKING: 🇺🇸 Coinbase Launches Bitcoin Loans For U.S. Customers!

突发新闻：🇺🇸 Coinbase 为美国客户推出比特币贷款！

Coinbase previously offered crypto-backed loans, allowing users to borrow against their Bitcoin. However, the program was shut down in 2023 following a regulatory complaint from the SEC. Now, the new initiative aims to decentralize the lending process without requiring users to manage their collateral directly.

Coinbase 此前提供加密货币支持贷款，允许用户以比特币为抵押进行借贷。然而，在 SEC 提出监管投诉后，该项目于 2023 年被关闭。现在，新举措旨在分散借贷流程，而不要求用户直接管理其抵押品。

This new offering allows Coinbase customers to borrow against their Bitcoin holdings using overcollateralized lending. The platform integrates DeFi technology to enable users to easily access loans. Coinbase acts as the gateway, ensuring the new process streamlines user interaction with DeFi services.

这项新产品允许 Coinbase 客户使用超额抵押贷款以持有的比特币为抵押进行借贷。该平台集成了DeFi技术，使用户能够轻松获得贷款。 Coinbase 充当网关，确保新流程简化用户与 DeFi 服务的交互。

Understanding DeFi Loans and Coinbase Bitcoin LoansDeFi loans do not check credit scores but require borrowers to deposit collateral to secure loans. Borrowers can then receive funds at a dynamic interest rate based on the demand for the loaned asset. Coinbase loans utilize the same principle although collateral is managed by Morpho.

了解 DeFi 贷款和 Coinbase 比特币贷款 DeFi 贷款不检查信用评分，而是要求借款人存入抵押品以获得贷款。然后，借款人可以根据对借出资产的需求，以动态利率获得资金。尽管抵押品由 Morpho 管理，但 Coinbase 贷款也采用相同的原则。

As users borrow against their Bitcoin, Coinbase automatically converts the collateral into cbBTC, a DeFi-compatible version of Bitcoin. This token is backed 1:1 by the Bitcoin held in custody by Coinbase, ensuring that the loans are fully collateralized. If the value of collateral drops, the loan may be liquidated to prevent bad debt accumulation.

当用户以比特币为抵押借款时，Coinbase 会自动将抵押品转换为 cbBTC，这是比特币的 DeFi 兼容版本。该代币由 Coinbase 托管的比特币以 1:1 的比例支持，确保贷款得到全额抵押。如果抵押品价值下降，贷款可能会被清算，以防止坏账累积。

Although Coinbase offers the platform and covers network fees, it does protect collateral against liquidation. Borrowers are fully responsible for monitoring their collateral’s value and managing the variable interest rates on their loans. This system ensures that only fully collateralized loans are allowed to maintain the integrity of the lending process.

尽管 Coinbase 提供该平台并承担网络费用，但它确实可以保护抵押品免遭清算。借款人全权负责监控其抵押品的价值并管理其贷款的可变利率。该系统确保只允许完全抵押的贷款，以保持贷款流程的完整性。

The new initiative introduces more capital into the DeFi ecosystem while maintaining user-friendliness. Through removing the complexities of decentralized finance, Coinbase attracts more users to the platform. However, borrowers must understand the risks involved because they are fully responsible for collateral and interest rates.

这项新举措将更多资金引入 DeFi 生态系统，同时保持用户友好性。通过消除去中心化金融的复杂性，Coinbase 吸引了更多用户使用该平台。然而，借款人必须了解所涉及的风险，因为他们对抵押品和利率负全部责任。

This new service offers a safer alternative to centralized lending platforms and offers exposure to DeFi’s benefits. The new service is part of Coinbase’s strategy to integrate DeFi solutions into its user-friendly interface, balancing innovation with user protection.

这项新服务为中心化借贷平台提供了更安全的替代方案，并提供了 DeFi 的优势。这项新服务是 Coinbase 将 DeFi 解决方案集成到其用户友好界面中、平衡创新与用户保护战略的一部分。