According to @jessepollak, over $550 million in bitcoin is now being used as collateral for USDC by Coinbase customers on the Base network. This significant increase in bitcoin-collateralized USDC positions signals a rapid acceleration in decentralized finance (DeFi) activity on Base. For traders, this trend highlights surging liquidity and growing interoperability between bitcoin and stablecoin ecosystems, potentially enhancing trading volumes and yield opportunities on Base-linked DeFi protocols (source: @jessepollak, Twitter, May 30, 2025).

According to Milk Road, Coinbase's Base network is currently under scrutiny as its trading value experiences fluctuations due to ongoing debates within the crypto community. This network, which was initially launched to facilitate decentralized applications, now finds itself at the center of controversy, impacting trader sentiment and market movements.