Borrow Against Your Bitcoin at a Fixed Rate: Coinbase Expands Morpho Loans
60-second summary
Coinbase launches a fixed‑rate Bitcoin‑backed loan product, letting users lock in a USDC borrowing rate and repayment date, marking the first enterprise‑scale deployment of Morpho Midnight and moving away from on‑chain lending’s variable‑rate norm; the service offers predictable financing for Bitcoin holders and could broaden institutional adoption, boosting demand for stable‑rate crypto credit.
The product lets users lock in their rate and repayment date when borrowing USDC against Bitcoin, marking the first enterprise-scale deployment of Morpho Midnight and a shift away from on-chain lending's variable-rate norm.