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Coinbase crypto-backed loans hit $2.3 billion as banks build tokenized deposits
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Coinbase's Bitcoin-backed USDC lending has grown fast since its January 2025 launch, while JPMorgan, Citi and BNY push deposits onto blockchains Coinbase now has $2.3 billion in crypto-backed loans outstanding, according to figures the exchange reported as of October 17, 2026..
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