Coinbase Debuts Fixed-Rate Bitcoin-Backed USDC Loans

Coinbase launched fixed-rate lending via Morpho Midnight, allowing users to lock in repayment dates for USDC loans secured by Bitcoin, deviating from standard variable on-chain rates.

The top 3

  1. Morpho Midnight Protocol Architecture: Morpho Midnight introduces a non-custodial, immutable smart contract layer designed specifically for fixed-rate, fixed-duration lending markets. Morpho Midnight
  2. USDC as Primary Collateral Asset: Coinbase utilizes Circle's USDC as the primary stablecoin for these loans, leveraging its high liquidity and regulatory compliance in US markets. USDC
  3. Coinbase Institutional Integration Status: This deployment marks the first major enterprise-scale integration for Morpho, targeting institutional capital that requires predictable interest rate environments. Coinbase

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