Coinbase launches USDC on-chain lending feature
Source: ChainCatcher
Time: 2025-09-19 00:03:39
According to ChainCatcher, cryptocurrency exchange Coinbase announced a new feature that allows users to lend their USDC stablecoins on the chain, a service powered by decentralized lending protocol Morpho, whose allocations are managed through an on-chain vault curated on the Ethereum Layer 2 network Base in Coinbase, Steakhouse Financial. When a user deposits USDC, Coinbase creates a smart contract wallet that routes funds between different lending pools to optimize returns. Coinbase says users can start earning immediately and withdraw at any time, depending on liquidity.