Crypto news report · source clearly identified
Coinbase Launches Fixed-Rate Bitcoin-Backed USDC Loans via Morpho Midnight
Coinbase now offers fixed-rate loans that let users borrow USDC using their Bitcoin as collateral through the Morpho Midnight platform.
Coinbase has introduced a new lending product that allows users to obtain USDC loans at a fixed interest rate by pledging Bitcoin as collateral. The service is powered by the Morpho Midnight protocol.
How the Product Works
Users deposit Bitcoin into the platform and receive a loan denominated in USDC. The loan terms are fixed-rate, providing predictability for borrowers.
Key Features
- Fixed interest rate for the duration of the loan
- USDC as the loan currency
- Bitcoin used as collateral
- Integration with Morpho Midnight for loan execution
Implications for Users
This offering expands Coinbase’s suite of financial services, giving Bitcoin holders a way to access liquidity without selling their assets.
Source & attribution
News Source
- Publisher
- The Block
- Original date
- September 22, 2026, 2:13 PM
- Original headline
- Coinbase adds fixed-rate bitcoin-backed loans through Morpho Midnight