Coinbase Launches Fixed-Rate Bitcoin-Collateralized USDC Loans via Base
CIE News ·
What Happened
Coinbase officially launched fixed-rate, fixed-term borrowing denominated in USDC against Bitcoin collateral for U.S. users, powered by the Morpho protocol on Coinbase's Base Layer-2 network.
Why It Matters
Replaces Coinbase's variable-rate lending with set maturity dates and locked interest rates for institutional and retail borrowers, boosting onchain USDC lending liquidity.