Coinbase Announces Major System Update and Product Reveals for December 17

**Coinbase has launched crypto-backed USDC loans** powered by Morpho protocol and running on Base network. **Key features:** - Borrow USDC without selling your crypto holdings - Currently available in the U.S. (excluding New York) - More assets coming soon, including loans against staked ETH (cbETH) **How it works:** Users can access loans directly through the Coinbase app or via the Morpho app, showcasing the power of permissionless financial infrastructure. **Important considerations:** - Variable rates subject to change - Risk of collateral liquidation - Terms vary by jurisdiction and market conditions This launch demonstrates the growing integration of DeFi protocols with traditional crypto platforms, offering users more financial flexibility while maintaining their crypto positions. [Learn more](http://coinbase.com/blog/now-get-a-USDC-loan-without-selling-your-crypto) | [Get started](http://coinbase.com/borrow)

**Coinbase has officially launched the $MON token sale**, marking a significant milestone as **US users can now participate** in token sales on the platform. Key features of Coinbase's new token sales platform: - **Prioritizes real supporters** over snipers and flippers - **Early access** to favorite tokens - **Sustainable token distribution** model - **US user inclusion** for the first time **Coinbase One members receive enhanced benefits:** - Request **1.5x to 5x more tokens** depending on membership tier - **Unlimited fee-free trading** during Member Week - **3% Bitcoin bonus** on USDC wallet funding The Monad sale represents Coinbase's effort to improve token launches by creating a more equitable distribution system that rewards genuine community supporters rather than short-term traders. [Access the MON sale](http://coinbase.com/token-sales/monad) *Ready to participate in the future of token launches?*

**Coinbase introduces instant unstaking** for Coinbase One members, allowing users to unstake crypto assets immediately for a small fee instead of waiting through traditional lock-up periods. **Key features:** - Instant liquidity when needed while earning staking rewards - Extra 5-15% staking rewards for Coinbase One members - Available in US (excluding CA, MD, NJ, WI), UK, Canada, Germany, and France **Rollout timeline:** - Currently exclusive to Coinbase One premium subscribers - Will expand to all Coinbase customers next month This builds on Coinbase's existing enhanced staking rewards program, which already offers 10-15% bonus rewards for premium members on eligible ETH staking.

Coinbase is promoting its **Coinbase One Card** with a limited-time offer of **40% off the first year**, reducing the cost to $29.99. The card allows users to earn Bitcoin rewards on purchases, with the company highlighting a case study where $1,039 in spending generated $41.56 in Bitcoin rewards. **Key benefits:** - Bitcoin rewards on all purchases (up to 4% back) - Card rewards are not taxable when awarded according to IRS treatment - No traditional points system The promotion includes referral bonuses where cardholders can earn $50 in Bitcoin for each qualified referral, up to $250 total. *Note: Rewards rates vary based on Coinbase assets held, and selling crypto rewards may have tax implications.*