Coinbase Product Manager: Coinbase on-chain lending total exceeds $400 million

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ODAILY
06-16
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Planet Daily News: Coinbase's Product Head Max Branzburg cited Dune data, stating that so far, Coinbase users have lent over $400 million USDC through on-chain mechanisms, with an annualized interest rate of around 5%. The lending feature has grown rapidly within months of its launch. Max mentioned that users are utilizing this function to take out loans with BTC as collateral, allowing them to raise funds without selling their assets.

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