Coinbase adds fixed-rate bitcoin-backed loans via Morpho

September 22, 2026

Coinbase has added fixed-rate bitcoin-backed loans through Morpho Midnight, letting users borrow USDC at a locked rate with a defined maturity date. The new offering sits alongside Coinbase's existing $1.4 billion variable-rate loan book, giving borrowers a second option for leveraging their BTC.

Loans are collateralized by bitcoin with a fixed interest rate and set term.
No details on minimums, collateral ratios or availability were disclosed in the announcement.

Sources

JUST IN: @Coinbase adds fixed-rate $BTC-backed loans via @Morpho Midnight, letting users borrow $USDC at a locked rate with a defined maturity date, alongside its existing $1.4B variable-rate loan book. https://t.co/yjhapig0DGx.com ↗

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