Coinbase Launches Crypto-Backed USDC Loans For UK Users In Latest Expansion
Building on its US success, crypto exchange Coinbase has rolled out crypto-backed USDC loans for UK residents, using Bitcoin (BTC) and Ethereum (ETH) as collateral. This expands the exchange’s growing suite of financial services in the region. Related Reading: Ripple CTO Emeritus Warns RLUSD Review Exposed A DeFi Security Red Flag Crypto-Backed Loans Cross The […]
Related News
The Coinbase website now states that USD Coin is “backed by fully reserved assets,” contrary to the now-removed claim of “backed by U.S. dollars in a bank account.” USD Coin (USDC), Circle’s dollar-pegged stablecoin, seemingly lost one of its biggest competitive advantages over its rival, Tether (USDT). Major crypto exchange Coinbase made an important change on the USD Coin page on its website following an audit which revealed that not all of USDC’s reserves were held in cash. This rain contrary to the previous statement that “each USDC is backed by one U.S. dollar held in a bank....
Tether (USDT) now has an advantage over USD Coin (USDC). As a result, Circle’s dollar-pegged stablecoin, USDC, lost one of its largest leveraging stances to its main competitor, USDT. Coinbase, one of the prominent players in crypto exchange, has made a crucial change on the USD Coin page. The crypto exchange placed the change on its website. Related Reading | Vitalik Buterin Urges Ethereum To Grow Beyond DApps This was in response to an audit that exposed that a few USDC’s reserves were not held in cash. The audit discovery contradicts the statement that every USDC has a....
Crypto exchange Coinbase wants to boost the adoption of stablecoin USDC. The company will support free trading commissions for users buying the digital asset. According to an official announcement, the new feature is available for any fiat currency on the crypto exchange from “AUD to ZAR.” Related Reading: Digital Bank N26 Launches Crypto Trading Service […]
Coinbase, the largest exchange in terms of crypto reserves held, has announced the introduction of a savings program tied to usd coin. The company’s high yield USDC savings program allows customers to gain 4% APY interest on stablecoin accounts. Coinbase Reveals USDC Savings Program With Interest Rates Eight-Times Higher the national average The cryptocurrency exchange Coinbase announced pre-enrollment for its usd coin (USDC) savings program that allows clients to earn a 4% APY interest rate on USDC held on the platform. Coinbase joins firms like Blockfi and Crypto.com that already....
Crypto exchange giant Binance announced an expansion in investment offerings with the platform’s latest addition of stock tokens. What exactly are stock tokens? According to Binance’s blog post, these tradable tokens will enable potential crypto investors to gain exposure to the traditional stock market. They are zero-commission digital tokens that are fully backed and collateralized […]