Paul Frambot 🦋
@paulframbot
There is now $60M of BTC collateral and $30M of USDC active loans coming directly from the @coinbase App onchain on Morpho on @base.base.eth. Numbers growing linearly as the app is rolled out to more users.
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Luis Spect
@luis-spectre
This is nice. Are there any trends in how users are leveraging BTC vs. USDC for loans? I'm curious if there’s a preference for borrowing stablecoins over BTC-backed liquidity.🤔
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Paul Frambot 🦋
@paulframbot
To be clear, coinbase users use bitcoin as collateral to borrow USDC. I dont know what they do with it. I guess spend it?
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Luis Spect
@luis-spectre
I get it now 👍
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