Coinbase Introduces Bitcoin-Backed Loans
Coinbase, one of the leading cryptocurrency exchanges in the United States, has announced the launch of a new Bitcoin-backed loan program. This innovative product allows users to borrow USDC (USD Coin) against their Bitcoin holdings, providing a new way…
NYDIG to Approach Bitcoin-Backed Loans to Unlocking Capital with Float Financing
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January 1, 2025
The New York Digital Investment Group (NYDIG), a subsidiary of Stone Ridge, is set to harness the power of insurance float to back Bitcoin loans. This innovative strategy is expected to offer liquidity to Bitcoin holders. It allows them to…