Coinbase Partners with Apollo for Stablecoin Credit Services
Coinbase Asset Management, the investment arm of Coinbase, announced a partnership with Apollo Global Management. The goal is to expand stablecoin credit services worldwide.
New Lending and Investment Options
According to a post on Coinbase’s blog, the partnership includes several offerings:
- Borrowing secured by digital assets as collateral.
- Direct lending to companies, including traditional and digital-only firms.
- Tokenized credit products for digital investments in Apollo-managed strategies.
Anthony Bassili, president of Coinbase Asset Management, said, “The global stablecoin ecosystem, which operates 24/7 on blockchain rails, creates opportunities not available in traditional private credit portfolios.”
Apollo has previous experience in lending and tokenized investments. It partnered with Securitize to offer tokenized credit and invested in Plume Network, a company focused on real-world digital assets. This expertise will support Coinbase in delivering credit opportunities.
The new stablecoin credit products are slated to launch in 2026. Currently, some U.S. customers can borrow up to $100,000 using digital assets as collateral. This partnership aims to expand access to fintechs, neobanks, and payment-service companies.
Enhancing Digital Payments
Coinbase is also exploring improved digital payment methods. This includes developing fiat-to-stablecoin payout solutions in collaboration with banks like Citi, as reported by Crypto Times.
Christine Moy, partner and head of digital assets, data, and AI strategy at Apollo, stated, “Partnering with CBAM accelerates our vision of tokenizing credit markets and shows how Apollo’s credit expertise and tokenization strategy can generate new forms of yield.”
