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Coinbase Launches Fixed-Rate Bitcoin Loans as Active Book Tops $1.4B

Coinbase launched fixed-rate USDC loans backed by Bitcoin (BTC), allowing borrowers to lock the interest rate and repayment date when the loan begins.

tokenpost.com

Publisher

Sep 23, 2026 at 11:53 PM UTC · 1 分で読める

Coinbase Launches Fixed-Rate Bitcoin Loans as Active Book Tops $1.4B
Image via tokenpost.com

Key Signal

$1.4B Active loans outstanding

Entities

bitcoin, coinbase

Market Impact

BTC-2.45%$84,331

Last Updated

13分前

翻訳中…

Coinbase launched fixed-rate USDC loans backed by Bitcoin (BTC), allowing borrowers to lock the interest rate and repayment date when the loan begins.

The product is supported by Morpho and represents the first enterprise deployment of Morpho Midnight. Coinbase manages the user experience, while Morpho provides the credit infrastructure and Base handles settlement.

Coinbase’s existing floating-rate lending book on Morpho has surpassed $1.4 billion in active loans, with about $3 billion in collateral. The exchange introduced Bitcoin-backed lending in early 2025 and later expanded eligible collateral to include XRP and Dogecoin.

The new offering gives borrowers a fixed borrowing cost and a defined repayment date, while extending Coinbase’s existing crypto-backed lending business.

Why this matters

A lending book exceeding $1.4 billion in active loans shows crypto-backed borrowing has become a material part of Coinbase’s product suite. Fixed-rate terms could make borrowing costs more predictable for users, while deeper reliance on Morpho and Base further connects a major centralized exchange to onchain credit and settlement infrastructure.

Follow the Story

  1. Sep 23Coinbase Launches Fixed-Rate Bitcoin Loans as Active Book Tops $1.4B
  2. Sep 24Spot Bitcoin funds in the U.S. see $2.3B net inflow over four sessions, signaling rising investor demand.
  3. Sep 24Institutions sweep up 2.7 billion; Bitcoin rebounds to 84,000. Can the $100,000 target be achieved?
  4. Sep 24$15.6 Billion in Bitcoin Options Expire; $70,000 Strike Price Becomes Key Focus for Bulls and Bears
  1. Sep 23Coinbase Launches Fixed-Rate Bitcoin Loans as Active Book Tops $1.4B
  2. Sep 24Spot Bitcoin funds in the U.S. see $2.3B net inflow over four sessions, signaling rising investor demand.
  3. Sep 24Institutions sweep up 2.7 billion; Bitcoin rebounds to 84,000. Can the $100,000 target be achieved?
  4. Sep 24$15.6 Billion in Bitcoin Options Expire; $70,000 Strike Price Becomes Key Focus for Bulls and Bears
#bitcoin#coinbase#crypto

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Originally reported by tokenpost.com

NewsLayer coverage based on externally reported material.

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Market Context

₿

Bitcoin

BTC

$84,306

-2.48% (24H)

$87,154$85,575$83,996
1 AM8 AM4 PM12 AM

Market Cap

$1.69T

Circulating Supply

20.1M BTC

24H Volume

$43.6B

24H High

$87,274

View Bitcoin Market Page

Article Intelligence

Key Entities

Morphobitcoincoinbase

Topics

crypto

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