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More >Today 2026-09-22
Coinbase integrates Morpho Midnight to launch a fixed rate USDC loan with Bitcoin as collateral. Users can lock in the interest rate and repayment due date when borrowing. This product runs parallel to the floating rate lending based on Morpho Blue, which has outstanding loans of over $1.4 billion on Coinbase and collateral of approximately $3 billion. Morpho Midnight has been deployed on the Base chain, with a current deposit size of approximately $30 million. Coinbase offers two maturity dates, the end of this month and the end of next month. If the borrower fails to repay before maturity, the lender can dispose of the borrower's collateral. (Source: The Block)