MonitoringCryptoOtherFirst tracked 2026-09-23Last changed 2026-09-23
Current outcome
Coinbase launched fixed-rate USDC loans against Bitcoin collateral powered by Morpho, the first enterprise-scale deployment of Morpho Midnight, adding to its existing Morpho-based variable-rate book of over $1.4 billion in active loans.
Progress timeline
1 material updates- #01
Borrow Against Your Bitcoin at a Fixed Rate: Coinbase Expands Morpho Loans
Coinbase launched fixed-rate USDC loans against Bitcoin collateral powered by Morpho, the first enterprise-scale deployment of Morpho Midnight, adding to its existing Morpho-based variable-rate book of over $1.4 billion in active loans.
Source evidence: Decrypt