Coinbase 和 Morpho 联手提供由比特币支持的链上 USDC 贷款

该服务将允许 Coinbase 用户通过质押比特币作为抵押品来借入 USDC。贷款通过第二层区块链 Base 进行处理。

Coinbase users can now borrow USD Coin (USDC) against their Bitcoin (BTC) holdings in a move that further integrates decentralized finance (DeFi) tools into the exchange’s ecosystem.

Coinbase 用户现在可以用其持有的比特币 (BTC) 借入美元硬币 (USDC)，此举进一步将去中心化金融 (DeFi) 工具整合到交易所的生态系统中。

The service, announced by Coinbase on Jan. 16, allows users to obtain USDC loans at rates determined by a market-driven mechanism. The loans are processed through Base, a layer-2 blockchain for Ethereum.

Coinbase 于 1 月 16 日宣布推出该服务，允许用户按照市场驱动机制确定的利率获得 USDC 贷款。贷款通过 Base（以太坊的第 2 层区块链）进行处理。

Coinbase’s initiative marks a significant development in DeFi integration, highlighting the growing importance of decentralized financial instruments. The exchange aims to bring traditional financial tools into the crypto market with this service.

Coinbase 的举措标志着 DeFi 整合的重大发展，凸显了去中心化金融工具日益增长的重要性。该交易所旨在通过这项服务将传统金融工具带入加密市场。

According to Coinbase, users can convert the borrowed USDC to fiat currencies like the U.S. dollar for free, enabling them to access funds without incurring additional fees.

据Coinbase称，用户可以将借入的USDC免费兑换成美元等法定货币，从而无需支付额外费用即可获得资金。

This service is also touted as a tax-efficient alternative to selling Bitcoin, as it may allow users to postpone realizing capital gains or losses. Investors seeking to unlock liquidity without triggering taxable events may find this aspect particularly appealing.

这项服务还被吹捧为出售比特币的一种节税替代方案，因为它可能允许用户推迟实现资本收益或损失。寻求在不引发应税事件的情况下释放流动性的投资者可能会发现这一点特别有吸引力。

Coinbase’s latest offering adds to the exchange’s efforts to integrate DeFi protocols. In September, Coinbase announced the launch of Coinbase Wrapped Bitcoin (cbBTC), which allows users to move their Bitcoin into on-chain environments.

Coinbase 的最新产品进一步增强了该交易所整合 DeFi 协议的努力。 9 月，Coinbase 宣布推出 Coinbase Wrapped Bitcoin (cbBTC)，允许用户将比特币转移到链上环境中。

Data from a Dune Analytics dashboard shows that cbBTC supply has crossed the 21,000 BTC mark as of Jan. 16, indicating strong demand for the on-chain variant. During the same period, the total supply of Wrapped Bitcoin (WBTC) decreased by 13.4%.

Dune Analytics 仪表板的数据显示，截至 1 月 16 日，cbBTC 供应量已突破 21,000 BTC 大关，表明对链上版本的需求强劲。同期，Wrapped Bitcoin (WBTC) 的总供应量下降了 13.4%。