DeFi· ★★★· bullish·

Coinbase Developer Platform Launches Crypto-Backed USDC Borrow API

  • —Borrow lets developers open collateralized positions and issue USDC loans through CDP APIs
  • —Supported pairs are cbBTC/USDC, cbXRP/USDC, SOL/USDC and cbETH/USDC on Base Mainnet
  • —Each borrow action executes as a user operation via a smart account, with optional gas sponsorship
  • —Developers can set an origination fee in the loan token, routed automatically to a chosen address
Why it matters: Coinbase is opening DeFi lending to third-party apps, potentially boosting USDC demand and Base ecosystem activity.
#USDC#BTC#ETH#SOL
Source: The Crypto Times
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