The #Onchain5 Part 1 (Intro + Coinbase) This is a repost of an Unchained article I authored which was released on September 10 2025. I will be releasing the rest of the series throughout the remainder of this week. Crypto is entering a new phase of adoption where

Today, Coinbase achieved a pivotal milestone: $1B in loan originations in just 6 months on our Retail Crypto-Backed Loans product, earning entry into the Tres Comas Club. We’ve unlocked >$1.4B BTC of customer assets as collateral, while >100x more BTC remains dormant globally

Easter egg in here. Loan limits will be increasing to $5M and rolling out in the coming weeks.

Next goal: $100B in onchain borrow originations. These adoption charts are what every product manager wants to see: hockey stick growth. The onchain economy is thriving. Proud of the team for making DeFi more accessible and easier to use.

JUST IN: Coinbase reaches over $1 BILLION in Bitcoin-backed loan originations 💥 Wow! 🚀

Once you modernize your rails to be more onchain, it's hard to go back. It's fundamentally cheaper, faster and scalable. Going "zero to one" was hard. Going "zero to one billion" was harder. Going "zero to 100 billion" is the hardest.

Best decision to move to NY

Imitation is the best form of flattery :)

Grow your USDC at ~10% (currently) Earning on Coinbase 🛡️, supercharged 🌱

Global finance is moving onchain.

Just build. Don't wait.

Agree we should go towards bits denomination .

Seeing strong early product market fit across a number of new Coinbase products we launched recently: 1/ Coinbase One Card powered by Amex earning up to 4% BTC on every purchase is a no-brainer for crypto investors but also breaking through to the crypto curious who are now

Borrow and Lend flywheel in action now

Going live on X spaces with Anthony Pompliano 🌪 and fellow guests Paul Frambot 🦋 Ben Shen in ~10 mins. Tune in to hear more about Coinbase's journey to $1B in retail loans and other exciting new product lines like DeFi Lending.

"This process is infinitely better than dealing with banks." This is the feeling when you can borrow $5M in 1 click against your BTC on Coinbase 🛡️ through Morpho 🦋. Future is here, but it's a new beginning.

Wait til you see onchain lending power: - mortgages - debit/credit card networks - tokenized equities (margin) - life insurance - structured products - unsecured loans - payday loans - corporate financing All using BTC and ETH as programmable reserve assets.

Martin | Blocksense 🏴‍☠️ The illiquidity is only tangentially a result of the xUSD depeg - in any market panic, people tend to pull liquidity just to be safe, or because they need capital elsewhere. From what I can see, most of the vaults on Morpho will be 100% solvent.