What happened?
Coinbase now lets users borrow the USDC stablecoin against their bitcoin. The offering specifies a fixed interest rate and a repayment date, defining the stated borrowing terms for the USDC loan.
Coinbase users can now borrow USDC against bitcoin at a fixed rate
USDC is the stablecoin named as the borrowed asset, while bitcoin is the asset used in the borrowing arrangement.
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