Coinbase Launches Fixed-Rate Bitcoin Loans via Morpho Midnight for USDC

Coinbase launched fixed-rate Bitcoin-backed loans through Morpho Midnight, allowing users to borrow USDC with interest rates and repayment dates set upfront. The product sits alongside Coinbase's existing variable-rate Morpho loans, which exceed $1.4 billion in active borrowing backed by roughly $3 billion in collateral.