Coinbase launches USDC on-chain lending service

PANews reported on September 18 that according to Coinbase's blog, Coinbase has now launched a USDC on-chain lending service. Users can lend USDC on the Base chain through the Morpho and Steakhouse Financial protocols, with current annualized returns up to 10.8%. Funds will be connected to the Morpho protocol by the Coinbase smart contract wallet and distributed to different markets by Steakhouse Financial to optimize returns, and users can withdraw funds at any time. The service has been opened in the United States (excluding New York State), Bermuda and some countries.