Coinbase Expands Morpho Loans With Fixed-Rate Bitcoin Borrowing

Fixed-rate, fixed-maturity borrowing is the piece DeFi lending has long lacked, and Coinbase wrapping it into a consumer-facing product matters more than the underlying protocol. It effectively imports a TradFi credit structure onto on-chain rails, which could pull in borrowers who avoided variable-rate positions for planning reasons. The open question is whether this stays a Coinbase-curated venue or becomes a template other large platforms adopt, and how risk is handled if collateral values move sharply before repayment.