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CoinGape

Coinbase launches Bitcoin-backed loan service allowing users to borrow up to $100,000 USDC

CoinGape
Summary
Nutrition label

60% Informative

Users can borrow up to $100,000 USDC with Bitcoin as collateral via DeFi protocol Morpho .

Loans are secured by converting Bitcoin into cbBTC, a wrapped token, enabling decentralized finance functionality on Base .

Borrowers face no fixed repayment schedule but risk liquidation if Bitcoin 's value falls below safe collateral levels.

The service is currently available to U.S. customers, excluding those in New York , with plans for further market expansion.

VR Score

37

Informative language

27

Neutral language

67

Article tone

formal

Language

English

Language complexity

59

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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