Coinbase Don Start USDC On-Chain Loan Through Morpho Wit Up To 10.8% APY

Published: 2025-09-18 18:35:57 |

Coinbase don rolled out new USDC on-chain lending service for e Base Layer-2 network through dem collaboration wit decentralized Morpho protocol and Steakhouse Financial–managed vaults. Di product dey offer up to 10.8% APY on USDC lending, pass di current 4.1% USDC Rewards and e allow withdrawal anytime wit no lockup period. As Coinbase first full on-chain lending and borrowing ecosystem, e create beta way between USDC deposits and crypto-backed loans, including bitcoin-secured loans up to $1 million. Di service first dey available for US (except New York), Bermuda and selected international markets, showing how Coinbase wan make DeFi access easier and boost on-chain liquidity. Dem plan wider rollout for di coming weeks.

Neutral

USDC na stablecoin wey dem peg to US dollar, so even if demand for di new USDC lending service increase, e price still stable. Even though di product fit boost on-chain liquidity and protocol token MORPHO see surge, USDC itself na make to maintain 1:1 peg with USD, so e no get direct price impact.