Coinbase Launches Fixed-Rate USDC Loans Backed by Bitcoin

Coinbase has launched fixed-rate USDC loans backed by cbBTC, expanding borrowing options for customers who want liquidity without selling their Bitcoin holdings. The new service operates through Morpho Midnight on the Base blockchain, with interest rates and maturity dates fixed when loans are initiated. The product complements Coinbases existing variable-rate borrowing service powered by Morpho Blue. Customers currently hold more than $1.4 billion in outstanding loans through that offering, backed by approximately $3 billion in collateral. Morpho Midnight, launched on Base in July, allows…  Read more

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