Coinbase now allows users to lend USDC on the chain, with current yields up to 10.8%
Source: CoinWorld
Time: 2025-09-19 00:09:59
Coinbase has launched the on-chain USDC lending feature with a yield of up to 10.8%. This feature is powered by Morpho and is managed through Steakhouse Financial's vault on Coinbase. Users deposit USDC into smart contract wallets that optimize returns in lending pools, accumulate returns instantly and withdraw them flexibly. Unlike Coinbase’s existing 4.1% annual interest rate “USDC Rewards” program funded by the marketing budget, the new service lends assets directly on-chain. As part of Coinbase’s entry into the on-chain finance sector, the feature will be launched first in the United States (except New York), Bermuda and other markets.