Coinbase Launches Fixed-Rate Bitcoin-Backed USDC Borrowing for Users

·3 views

Coinbase has introduced a new lending feature that lets users borrow USDC, a US dollar-pegged stablecoin, using their bitcoin holdings as collateral. The loans come with a fixed interest rate and a set repayment date, offering users greater financial predictability. This move expands Coinbase's suite of financial products by bridging crypto asset holdings with stablecoin liquidity. The feature gives bitcoin holders access to funds without requiring them to sell their crypto assets.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

XRP Ledger Retries Upgrade to Separate Bank Payment and Compliance Functions

The XRP Ledger is making another attempt at a network upgrade aimed at improving how financial institutions manage operations. The update would allow businesses to delegate limited powers — such as processing payments or onboarding customers — to a separate account. Crucially, this can be done without granting that account full control over the primary account. The upgrade is expected to activate on October 5 if the retry succeeds.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Solana Tests Alpenglow Upgrade to Slash Transaction Finality to 150ms

Solana has begun testing a major protocol upgrade called Alpenglow that aims to dramatically reduce transaction finality times. The upgrade would cut finality from the current 12.8 seconds down to just 150 milliseconds. This near-instant settlement would allow exchanges, bridges, and merchants to treat payments as irreversible almost immediately after they are made. The development marks a significant step toward making Solana more competitive for real-time payment use cases.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitcoin Posts 10% September Gain, Eyes Rare Three-Month Winning Streak

Bitcoin has recorded a 10% gain in September, putting it on course for a three-month consecutive winning streak. Such a sustained run of monthly gains has not been seen since 2012, making it a historically rare occurrence. The milestone highlights a period of sustained positive momentum for the world's largest cryptocurrency. If the gains hold through the end of September, it would mark a significant bullish signal for Bitcoin markets.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Zcash Surges 10% to Lead Crypto Gains as Bitcoin Holds Around $87,000

Zcash outperformed major cryptocurrencies with a 10% gain while Bitcoin held steady near $87,000. Broader market sentiment was supported during the Asian trading session as falling oil prices helped ease inflation concerns. On the legislative front, a U.S. bill aimed at making the government's Bitcoin stockpile permanent advanced further through Congress than any similar proposal has before. The combination of easing macro pressures and positive regulatory momentum contributed to the day's crypto market activity.

0 comments Read more at CoinDesk