Coinbase adds fixed-rate USDC loans backed by cbBTC
USDC (USDC)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Coinbase has added fixed-rate USDC loans backed by cbBTC. This move follows its variable-rate borrowing service reaching more than $1.4 billion in outstanding loans and nearly $3 billion in collateral. The new fixed-rate loans set costs in advance for borrowers.
How the market reacted
Whalio's own Binance spot order flow for USDC, measured when this story was written up on 22 September 2026. Not the outlet's figures.
USDC trades at $1.00 with a 1-hour buy ratio of 50.8%, indicating slightly more buyers than sellers in the short term. This contrasts with the 4-hour buy ratio of 48.9%, suggesting the immediate buying pressure is fading over a slightly longer timeframe. The 24-hour buy ratio sits at 51.7%, showing a slight edge for buyers over the full day. Volume delta reflects this shift, with a positive $4,891,745 in the last hour against a negative -$18,079,372 over four hours. The 24-hour volume delta is positive at $129,915,574, while cumulative volume delta closed at -$37,762,637, indicating net selling pressure over the day despite the buy ratio.
The latest daily buy ratio of 50.2% sits at the 73rd percentile of the last 322 days, against a median of 48.4% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for USDC, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 48.7%, making today's 24-hour ratio of 51.7% an unusual day with 2.9 points more buying activity. Spot volume was 1.43 times the average, signaling significantly higher participation than usual. However, the 8-day volume delta total was -$399,207,290, showing that net selling pressure has dominated the week despite the recent volume spike. Only one of the seven days saw net buying, highlighting the rarity of today's positive flow.