On June 16, CoinWorld reported that Coinbase product head Max Branzburg cited Dune data, stating that as of now, Coinbase users have borrowed over $400 million USDC through on-chain mechanisms, with an annual interest rate of about 5%. The lending feature has rapidly grown within months of its launch. Max mentioned that users are utilizing this feature to take out loans collateralized by BTC, allowing them to raise funds without liquidating their assets.