DeFi Mullet Goes Vertical: Bitcoin-Backed Loans Surge on Coinbase

Posted: 2025-06-05 19:50:27 UTC

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#Coinbase

#Bitcoin

#Loans

#DeFi

#OnchainFinance

#MorphoLabs

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This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.

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This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.

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Last Updated

2025-06-05 19:50:47 UTC

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TL;DR;

Coinbase's Bitcoin-backed loans on Morpho Labs have surpassed $0.5B in collateral, with total loan originations growing from $100M to over $300M in just one month, showcasing the rapid growth of DeFi.

Key Impact Areas

Bitcoin-backed loans on Morpho Labs crossed $0.5B+ in collateral.

Total loan originations grew $100M → $300M+ in just a month.

DeFi is going vertical.

DeFi Mullet Goes Vertical: Bitcoin-Backed Loans Surge on Coinbase

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Key Impact Areas

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