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

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

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