BITCOIN $100K | RABBIT HOLE RECAP #340
Rabbit Hole Recap
Coinbase's New Loan Strategy
This chapter explores Coinbase's introduction of a loan product utilizing Bitcoin as collateral, covering the conversion process to wrapped Bitcoin and loan disbursement in USDC. The hosts discuss the interest rates, centralization concerns, and the implications of using wrapped Bitcoin versus decentralized finance. Anecdotes and wallet functionalities are shared, offering insights into user experiences while interacting with the cryptocurrency ecosystem.
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