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Coinbase to Launch Bitcoin-Backed USDC Loans Through Morpho Midnight

Coinbase is launching a fixed-rate, fixed-term loan product that allows users to borrow USDC against Bitcoin collateral.

bloomingbit

Publisher

Sep 23, 2026 at 8:53 PM UTC · 1 分钟阅读

Coinbase to Launch Bitcoin-Backed USDC Loans Through Morpho Midnight
Image via bloomingbit

Entities

bitcoin, coinbase, circle

Market Impact

BTC-2.32%$84,122

Last Updated

10 小时前

  • Coinbase said it will launch a fixed-rate, fixed-term loan product that allows users to borrow USDC against Bitcoin (BTC) collateral.
  • The lending service will be offered through Morpho's Midnight.
  • Coinbase said the fixed loan terms are designed to help users predict interest rates and repayment schedules for on-chain loans in advance.

Forecast Trend Report by Period

Coinbase is launching a fixed-rate, fixed-term loan product that allows users to borrow USDC against Bitcoin collateral.

Cointelegraph reported on Sept. 23 that the lending service will be offered through Midnight, a product of decentralized finance protocol Morpho.

Users can post Bitcoin as collateral and borrow USDC at preset rates and for fixed terms.

Coinbase said the fixed loan terms are intended to help users predict interest costs and repayment schedules for on-chain loans in advance.

Why this matters

Coinbase’s planned fixed-rate, fixed-term Bitcoin-backed USDC loans could broaden access to more predictable on-chain borrowing through a major centralized exchange platform. The offering signals continued integration between exchange services and DeFi infrastructure, while introducing collateral-liquidation and counterparty risks for borrowers if Bitcoin prices fall.

Follow the Story

  1. Sep 23Coinbase to Launch Bitcoin-Backed USDC Loans Through Morpho Midnight
  2. Sep 24Japan bond yields hit multi decade highs: Are Bitcoin and cryptocurrencies at risk?
  3. Sep 24LD Capital Founder Reveals Price Levels for Taking Profit in Bitcoin! Here Are the Details
  4. Sep 24Bitcoin price nears $84K as ETF inflows reach five days
  1. Sep 23Coinbase to Launch Bitcoin-Backed USDC Loans Through Morpho Midnight
  2. Sep 24Japan bond yields hit multi decade highs: Are Bitcoin and cryptocurrencies at risk?
  3. Sep 24LD Capital Founder Reveals Price Levels for Taking Profit in Bitcoin! Here Are the Details
  4. Sep 24Bitcoin price nears $84K as ETF inflows reach five days
#bitcoin#coinbase#circle#crypto

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Originally reported by bloomingbit

NewsLayer coverage based on externally reported material.

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Market Context

₿

Bitcoin

BTC

$84,101

-2.35% (24H)

$85,914$84,918$83,923
8 AM3 PM11 PM7 AM

Market Cap

$1.69T

Circulating Supply

20.1M BTC

24H Volume

$41.9B

24H High

$86,434

View Bitcoin Market Page

Article Intelligence

Key Entities

Morphobitcoincoinbasecircle

Topics

crypto

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