Bitcoin-backed loans on Coinbase top $1B in collateral

The Bitcoin-backed loans on the Coinbase crypto exchange have surpassed $1 billion in total collateral, according to Watcher.Guru on X. Following the initial launch of Bitcoin-backed USDC loans on Jan. 16, it was reported on April 30 that Coinbase had raised the loan cap from $100,000 to $1 million.