TREE NEWS update: Coinbase has rolled out fixed-rate USDC loans collateralized by bitcoin through an integration with Morpho Midnight, letting borrowers lock in both the rate and a repayment maturity date. The product runs alongside Coinbase’s existing floating-rate lending on Morpho Blue, which carries over $1.4 billion in outstanding loans and about $3 billion in collateral. Morpho said Midnight is deployed on Base with roughly $30 million in deposits; Coinbase offers end-of-this-month and end-of-next-month maturities.
Coinbase Launches Fixed-Rate USDC Loans Backed by Bitcoin via Morpho Midnight
Related Coin Charts
AI take
The notable shift here is structural, not promotional: fixed-rate, fixed-maturity credit is the piece crypto lending has long lacked, and it is what makes bitcoin-collateralized borrowing legible to treasury desks that cannot manage a floating rate. Coinbase's existing Morpho Blue book shows the demand is already there; Midnight is the experiment in whether term structure can be layered on top without fragmenting liquidity. Whether borrowers migrate from floating to fixed, and whether Midnight's much smaller deposit base can absorb that flow, is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
3m ago
China’s 10-Billion-Yuan Commodity Futures Contracts Rise to 16 as Precious Metals Attract Most Capital
1h ago
Two Wallets Linked to Same Entity Stake 212,590 HYPE Worth $20.49M
1h ago
Four Decade-Old Bitcoin Wallets Move 1,971 BTC in Two Weeks
2h ago
GOP Senator Curtis Seeks Probe of Trump Jr. and Hunter Biden Crypto Ties
2h ago
Arch Lending plans move into tokenized stocks as collateral
2h ago
Bitcoin Perpetual Open Interest Tops $62B as Traders Re-Leverage