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21 Apr 2026, 10:00

Coinbase Launches Crypto-Backed USDC Loans For UK Users In Latest Expansion

Building on its US success, crypto exchange Coinbase has rolled out crypto-backed USDC loans for UK residents, using Bitcoin (BTC) and Ethereum (ETH) as collateral. This expands the exchange’s growing suite of financial services in the region. Crypto-Backed Loans Cross The Pond On Monday, Coinbase, the largest crypto exchange in the US, announced that it has expanded its Borrow product to UK residents, unlocking more liquidity for users without having to sell their crypto holdings. UK customers can now instantly borrow USDC using their Bitcoin, Ethereum, and Coinbase Wrapped Staked Ether (cbETH) as collateral, powered by Morpho, an on-chain protocol on the Base network. Notably, Coinbase users will be able to borrow up to $5 million in USDC for Bitcoin-backed loans , depending on the amount of BTC pledged as collateral, the announcement explained. The crypto exchange stated that collateral will be locked in a Morpho smart contract until the loan is fully repaid, and there is no fixed repayment schedule. However, it will be liquidated to repay the loan if the loan-to-value ratio exceeds a certain threshold, and Morpho will charge a liquidation penalty fee. According to the Monday announcement, the launch expands access to the exchange’s crypto-backed lending service, which has seen multi-billion-dollar demand since launch in the US last year. Providing access to crypto-backed loans in the UK is the first step in Coinbase’s ongoing efforts to expand following the launch of this offering in the US in January 2025. Initial interest in the service in the US has been substantial with total loan originations through Coinbase on Morpho growing to over $2.17B USDC as of April 14, 2026. Coinbase plans to continue expanding access to crypto-backed loans in more countries in the near future. It also marks another step in Coinbase’s efforts to build a broader lineup of financial products in the country, following its successful registration as a crypto service provider by the Financial Conduct Authority (FCA) in February 2025. The exchange also launched savings accounts in the UK and DEX trading in November 2025 and April 2026, respectively. Coinbase Expansion Continues Coinbase’s latest launch also follows the company’s recent push to expand crypto-backed lending in traditional finance use cases. As reported by Bitcoinist, the exchange and Better Home & Finance launched a joint mortgage product for prospective home buyers to use their crypto holdings as collateral to fund their down payments on a Fannie Mae‑backed loan. Per the announcement, the product aims to create a “direct pathway from digital wealth to homeownership” by allowing users to pledge Bitcoin and USDC held in a Coinbase account to secure a separate loan for their down payment. Earlier this month, the exchange also achieved a crucial milestone in the US after receiving key approval that may unlock a broader market for the company. On April 2, Coinbase secured conditional approval from the Office of the Comptroller of the Currency (OCC), the main banking regulator, to charter Coinbase National Trust Company. Although the company will not become a commercial bank and will not take retail deposits or engage in fractional reserve banking, the exchange noted the conditional approval marked a major step toward becoming a federally regulated crypto custodian, as it will allow Coinbase to “build the next chapter of finance,” boosted by the regulatory confidence.

21 Apr 2026, 01:30

Sui Blockchain’s Strategic Integration with RedotPay Unlocks Global Payment Revolution

BitcoinWorld Sui Blockchain’s Strategic Integration with RedotPay Unlocks Global Payment Revolution The Sui blockchain has strategically integrated with the RedotPay payment service, marking a significant advancement for global cryptocurrency adoption and real-world utility. This partnership, announced officially on March 25, 2025, directly connects Sui’s high-performance Layer 1 network with a payment platform boasting over seven million users. Consequently, users across more than 100 countries can now transact using SUI and USDC stablecoins on the Sui network through a familiar payment interface. This move represents a concrete step toward bridging decentralized finance with mainstream commerce. Sui Blockchain and RedotPay: A Technical Integration Analysis The integration between the Sui blockchain and RedotPay is fundamentally an API-level connection. RedotPay’s systems now directly interact with Sui’s validators to verify and settle transactions. This process supports both the native SUI token and the USDC stablecoin issued on the Sui network. The technical architecture leverages Sui’s object-centric model and parallel transaction execution. Therefore, it promises high throughput and low latency for payment finality. RedotPay operates as a licensed payment institution. Its core service involves converting fiat currency into digital assets and facilitating their transfer. The company’s existing infrastructure handles compliance, user verification, and customer support. By integrating Sui, RedotPay expands its supported blockchain networks. This decision likely stems from Sui’s growing developer activity and transaction speed. Key technical aspects of this integration include: Dual-Asset Support: Transactions can be processed in SUI or Sui-based USDC. Network Efficiency: Leverages Sui’s sub-second finality for quick payment confirmation. Scalability Focus: Designed to handle RedotPay’s large user base without congestion. The Expanding Landscape of Blockchain Payments This integration occurs within a competitive and rapidly evolving sector. Several other Layer 1 and Layer 2 blockchains actively pursue payment partnerships. For instance, Solana has partnerships with Shopify and Visa. Similarly, Polygon integrates with various merchant services. The Sui and RedotPay collaboration distinguishes itself through specific geographic and demographic reach. RedotPay’s user base is predominantly located in Asia and emerging markets. These regions often exhibit higher cryptocurrency adoption rates for remittances and commerce. The service’s availability in over 100 countries provides Sui with immediate, global distribution. This is a strategic user acquisition channel beyond typical decentralized application (dApp) ecosystems. Blockchain Key Payment Partner Primary Use Case Sui RedotPay Global P2P & Merchant Payments Solana Visa, Shopify Consumer Checkout & Settlements Polygon Mercuryo, Alchemy Pay Web3 On-Ramps & Micropayments Expert Perspective on Market Impact Industry analysts view such integrations as critical inflection points. “A blockchain’s utility is ultimately measured by its real-world use cases,” notes a fintech research director at a major advisory firm. “Payment integrations provide a direct metric: transaction volume for goods and services, not just speculation.” The RedotPay partnership provides Sui with a verifiable pipeline for organic transaction growth. Furthermore, it tests network stability under payment-specific loads. Regulatory compliance remains a central consideration. RedotPay, as a licensed entity, presumably conducts Know Your Customer (KYC) and Anti-Money Laundering (AML) checks. This layer of compliance is crucial for mainstream adoption. It also differentiates the service from purely permissionless DeFi protocols. The integration suggests a model where regulated front-ends interact with decentralized back-end settlement layers. Implications for the SUI Ecosystem and Token Utility The direct integration with a major payment processor significantly enhances the SUI token’s utility. Previously, SUI’s primary uses involved network staking, governance, and paying gas fees. Now, it functions as a medium of exchange for millions of potential users. This expanded utility could influence long-term token economics and demand dynamics. For developers building on Sui, this partnership opens new avenues. Applications can now integrate payment flows that cash out to local fiat currencies via RedotPay’s infrastructure. This reduces a major friction point for user-facing dApps. Additionally, the availability of USDC provides a stable unit of account for pricing goods and services. Consequently, merchant adoption becomes more feasible. Potential immediate impacts include: Increased on-chain transaction volume from payment activity. Greater demand for SUI as a bridge asset within the RedotPay ecosystem. Enhanced visibility for the Sui network in key growth markets. Conclusion The integration of the Sui blockchain with the RedotPay payment service represents a pragmatic step toward cryptocurrency mass adoption. By combining Sui’s technical performance with RedotPay’s established regulatory and user framework, the partnership creates a viable path for everyday payments. This move underscores a broader industry trend where blockchain networks seek partnerships with traditional fintech players to gain scale and legitimacy. The success of this Sui integration will be measured by the sustained volume of real-economic transactions it processes across its global user base. FAQs Q1: What exactly does the Sui and RedotPay integration allow users to do? This integration allows RedotPay’s over seven million users to send and receive payments using SUI tokens and USDC stablecoins directly on the Sui network through the RedotPay platform interface. Q2: Is RedotPay a decentralized platform? No, RedotPay is a licensed, centralized payment service provider that handles user onboarding and compliance. It integrates with the decentralized Sui blockchain for transaction settlement. Q3: Why is supporting USDC on Sui important for this partnership? USDC provides price stability, which is crucial for payments and merchant adoption. Users and businesses can transact without exposure to the volatility typically associated with native crypto assets like SUI. Q4: How does this benefit existing Sui blockchain developers? Developers can build applications that leverage a ready-made fiat on-ramp and off-ramp via RedotPay’s infrastructure, simplifying the process for users to enter and exit the Sui ecosystem with local currency. Q5: What regions are most likely to see immediate impact from this integration? Given RedotPay’s strong user base in Asia and emerging markets, regions like Southeast Asia, parts of Africa, and Latin America may see the most immediate adoption for cross-border remittances and local commerce. This post Sui Blockchain’s Strategic Integration with RedotPay Unlocks Global Payment Revolution first appeared on BitcoinWorld .

20 Apr 2026, 17:05

Coinbase Expands USDC Loans to UK After Strong US Demand

Crypto-backed borrowing is gaining traction as Coinbase extends a proven U.S. lending model into the U.K. The move broadens access to on-chain liquidity and signals wider international growth for Coinbase’s credit strategy. Key Takeaways: Coinbase expanded U.K. access to USDC loans backed by BTC, ETH, and cbETH. Morpho strengthens Coinbase’s on-chain lending push as borrower

20 Apr 2026, 16:45

Coinbase announces UK users can now access crypto loan facilities

Coinbase (NASDAQ: COIN) announced that users in the United Kingdom (UK) can now access the crypto loan facilities it opened up for US users last year, according to an official blog by the NASDAQ-listed firm today. Per the announcement by the “everything exchange” firm, it will now allow UK customers to put up their BTC, ETH or cbETH holdings as collateral to receive USDC tokens that they can instantly spend on-chain or convert into fiat for real-world expenses while their crypto sits in Morpho vaults. The launch comes as a potential shot in the arm for the lending market, which is currently assessing losses and dealing with the fallout from the $292 million KelpDAO exploit that has caused more than $6 billion to be pulled from the leading lending market, Aave alone. UK customers can now borrow USDC from Coinbase Coinbase’s blog today April 20 unveiled that UK Coinbase users can borrow USDC against their BTC and ETH holdings almost instantly, with up to 3.5% APY in USDC rewards automatically kicking in for Coinbase One members. However, they have to manually opt out if they don’t want it. BTC holders can borrow up to $5 million in USDC according to the release, as long as they have the BTC in their portfolio. Morpho handles most of the backend stuff, putting the assets up as collateral in its smart contracts and paying out the USDC loans, while Coinbase handles the frontend, from where customers can use the USDC as they want. According to Dune dashboards , close to $2.3 billion of the total amount of loans processed on Morpho have originated from Coinbase, more than double the $1 billion milestone the company celebrated in October 2025. Coinbase has facilitated about $2.3 billion in lending activity to Morpho. Source: Dune The UK launch comes one year after Coinbase rolled out the service to US users, excluding those in New York. The UK operation of the US-founded exchange is run by CB Payments, Ltd., a specific subsidiary that is recognized as an Electronic Money Institution by the FCA, having registered with the regulator in February 2025. It has also overseen the rollout of DEX trading in April 2026 and, before that, the launch of savings accounts in November 2025. Morpho gains prominence as Coinbase expands credit line All of Coinbase’s crypto-backed loan business is directed to Morpho, a permissionless decentralized lending platform built on Base, the Ethereum L2 network backed by Coinbase. For now, only BTC and ETH are available for UK borrowers, while US users already have access to loans backed by their XRP, DOGE, ADA, and LTC holdings. Just last month, Cryptopolitan reported that Coinbase and Better Home & Finance will now allow US home buyers to access credit facilities against their crypto for their mortgages. Coinbase also has USDC lending options for users, offering up to 4.1% in rewards on USDC that users commit to the program, which runs through an on-chain integration with Morpho. The activity from Coinbase contributes to Morpho being the second-largest crypto lending platform per Defillama data , holding about $6.6 billion in total value locked (TVL) as of April 20, about double the amount held in Justlend, the next largest venue for on-chain borrowing. It also has over $3.7 billion in active loans, second only to Aave. Notably, the platform saw more than $1 billion pulled out from its vaults in part of the DeFi contagion from the KelpDAO $292 million hack that rocked markets on April 18. Aave, the leading lending market, is approaching $10 billion in lost TVL since the event. Another thing to look out for as a borrower is the liquidation threshold of collateral. According to Coinbase, “If the amount of your loan, including accrued interest, reaches a certain threshold relative to the value of your collateral, liquidations are triggered.” Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .