Wu learned that according to the @ yiryan data panel, since the launch of Coinbase Onchain Borrow product in early January, Coinbase users have used BTC (cbBTC) worth nearly $98 million as collateral and lent out approximately $50 million in USDC assets. Coinbase Onchain Borrow is a front-end CeFi and back-end DeFi product; What Coinbase users see on the front-end is the lending process, while the back-end abstracts the creation of Coinbase smart wallets, any related token minting, and interaction with the DeFi lending protocol Morpho on the Base. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=40563