Coinbase launches USDC lending via Morpho in Brazil and Canada
- —The product is available in Brazil and Canada via the Lending section of the Coinbase app
- —USDC is directed to Morpho on Base and to Steakhouse Financial vaults
- —In the US, the product has attracted about $500 million, with a maximum rate of 7.4%
- —There is no lock-up period; funds can be withdrawn at any time
Why it matters: Coinbase's expansion into new jurisdictions boosts demand for USDC and DeFi yields on Base.
Source: PANews