To borrow $100,000 in USDC from Coinbase you need to put in more than $133,000 worth of bitcoin. If the value of bitcoin drops and the loan-to-value (LTV) ratio goes above 86% the collateral could be liquidated to pay back the loan and fees.
https://bitcoinnews.com/adoption/coinbase-bitcoin-loans-are-back/
Where do I sign 😂
This is going to be how the next bull market ends.
I’m not doing bitcoin loans for a while. I’d rather just sell sats. It doesn’t make sense to me. You still need cash flow to pay off the loan, so you might as well just continue to use your fiat for bills and stack whatever’s left.
