Coinbase launches fixed-rate Bitcoin-backed loans via Morpho Midnight

Coinbase has introduced fixed-rate Bitcoin-backed loans through an integration with Morpho Midnight, allowing users to borrow USDC with predetermined interest rates and repayment dates. This product complements existing floating-rate loans on Morpho Blue. Currently, Coinbase offers repayment terms for the end of the current or following month, with collateral subject to liquidation if loans are not repaid by the deadline.