Coinbase launches USDC yield service via Morpho in Brazil and Canada

Coinbase has expanded its DeFi Earn product to Brazil and Canada, allowing eligible users to lend USDC to the Morpho lending protocol on Base. The funds are deployed into audited vaults managed by Steakhouse Financial to generate yield without lock-up periods. The service, which has attracted nearly $500 million in the U.S., offers variable interest rates that can be enhanced for Coinbase One subscribers.