Coinbase and Apollo expand cooperation on stablecoin credit services

JH Kim

Summary

Coinbase and Apollo Global Management said they will expand the stablecoin-based credit service business.
They said they plan to strengthen the stablecoin credit portfolio around three pillars: overcollateralized asset lending, direct lending to corporations, and tokenized credit assets.
The launch of a stablecoin-linked credit investment product for institutional investors is planned, and it is evaluated as a model that breaks down the boundaries between traditional finance and digital asset finance.

U.S. virtual asset (cryptocurrency) exchange Coinbase is expanding its stablecoin-based credit services in cooperation with global alternative investment firm Apollo Global Management. The two plan to introduce joint products aimed at bringing digital asset finance into the mainstream.

On the 27th (local time), crypto-focused media The Block reported that Coinbase's asset management division has partnered with Apollo to strengthen its stablecoin credit portfolio. The cooperation is structured around three pillars: overcollateralized asset lending, direct lending to corporations, and tokenized credit assets.

They also plan to launch a stablecoin-linked credit investment product for institutional investors next year. Through this partnership, Coinbase will build an efficient credit supply chain using blockchain infrastructure, and Apollo will provide liquidity through its alternative investment network.

The outlet said, "This cooperation is evaluated as a model that breaks down the boundaries between traditional finance and digital asset finance," and added, "Institutional investors' use of stablecoins will increase."