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Sign InCoinbase Global has expanded its UK product suite by introducing crypto-backed loans following its FCA registration in February 2025. The service allows users to borrow up to $5 million in USDC against Bitcoin and $1 million against Ethereum via the Morpho protocol on the Base network. Strategically, the exchange listed the tGBP stablecoin globally on April 22, which was notably tested within the FCA’s regulatory sandbox prior to its debut. Coinbase is now enabling users to move pound-pegged stablecoins across its app and exchange, marking a significant expansion into local-currency rails. These initiatives aim to diversify revenue streams beyond trading fees while strengthening institutional interest income. Analysts suggest that integrating local stablecoins into the lending ecosystem solidifies Coinbase's position as a comprehensive digital asset hub.