Coinbase will launch USDC on-chain lending and financial management services
Source: ForesightNews
Time: 2025-09-19 08:55:11
According to The Block, Coinbase will launch USDC on-chain lending and financial management service, allowing users to borrow their stablecoins on-chain to earn income. The service is technically powered by Morpho, a decentralized lending protocol, and the allocation of funds operates through an on-chain treasury managed on the Base network by Steakhouse Financial. Coinbase says that when users deposit USDC, the system creates a smart contract wallet that spreads funds into different lending pools to optimize returns. Users can start to earn profits immediately and apply for withdrawals at any time based on capital liquidity.