Exchanges· ★★★· bullish·

Coinbase adds fixed-rate bitcoin-backed loans via Morpho Midnight

  • —Coinbase launched fixed-rate loans through Morpho Midnight
  • —Users can borrow USDC against bitcoin collateral
  • —The product expands Coinbase's lending lineup
Why it matters: Growing fixed-rate bitcoin-backed lending boosts demand for BTC as collateral and intensifies competition among exchanges.
#BTC#USDC
Source: The Block
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