Bitcoin-backed loans introduced in Canada and by Coinbase

• Canada is introducing Bitcoin-backed mortgages, but borrowers are unaware of potential costs.
• Borrowers face risks of collateral liquidation if Bitcoin prices drop, according to APX.
• Coinbase offers fixed-rate Bitcoin-backed loans through Morpho Midnight, available since Sept. 22.
• Coinbase has offered on-chain Bitcoin-backed loans since January 2025, initially only variable-rate.
• Borrowers can now borrow USDC against their Bitcoin with fixed-rate options.