Brian Armstrong, chief executive officer of crypto exchange Coinbase (Nasdaq: COIN), reinforced the company’s long-term vision for the industry on May 2, stating on social media platform X:

Our thesis: crypto is going to eat most of financial services, and Coinbase is 100% focused on crypto.

His remarks came as Coinbase rolled out a series of updates across its lending services, particularly involving USDC loans and bitcoin-backed credit products.

Max Branzburg, head of consumer products at Coinbase, revealed on X that adoption of USDC-based loans through the decentralized lending protocol Morpho Labs is accelerating. He said loan volume rose sharply to $120 million in May, up from $45 million in April, $14 million in March, $2 million in February, and none in January. Branzburg noted that only $265 million in bitcoin is currently being used as collateral, while over 100 times more remains idle, indicating what he sees as substantial untapped potential. Coinbase announced on April 30 that its bitcoin-backed loan service is now fully available to all U.S. users except those in New York.

Armstrong weighed in on the recent milestones and echoed Branzburg’s optimism about the trajectory of crypto lending. In response to the loan update, Armstrong stated:

Credit markets are moving onchain. We eventually want to power small business loans, home loans, car loans, uncollateralized loans, etc. Many people in the world don’t have access to credit. We can make it a more efficient (and global) market onchain.

While the rapid expansion of crypto-backed lending services underscores a broader trend toward decentralized finance, some critics argue that these platforms still face regulatory uncertainty and systemic risk. However, proponents assert that the onchain model offers a transformative path forward, potentially democratizing access to credit on a global scale.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。