Coinbase adds fixed-rate Bitcoin loans via Morpho Midnight

• Coinbase Global Inc (NASDAQ:COIN) launched fixed-rate bitcoin-backed borrowing options through decentralised lending protocol Morpho Midnight.
• Outstanding variable-rate loans on Morpho Blue crossed $1.4 billion backed by $3 billion in collateral.
• Borrower interest rates adjust dynamically based on peer-to-peer supply and demand within onchain order books, according to an exclusive report by The Block.

Coinbase Global Inc (NASDAQ:COIN) has launched fixed-rate, fixed-term Bitcoin (BTC) lending products through decentralised protocol Morpho (MORPHO), according to an exclusive report by The Block.

The expansion adds structured credit term choices alongside existing variable-rate lending pools operating on Base.

“Coinbase Borrow gives our customers access to liquidity without having to sell their assets, and fixed-rate borrowing gives them even greater choice over how they manage that credit,” Yield and Investments Product Lead Jacob Frantz said in a statement.

Borrowers lock predetermined interest rates alongside explicit repayment maturity dates aligned with the last Friday monthly.

Wider Morpho network deployments surged to $5.2 billion in outstanding loans and $16 billion in deposits.

Coinbase manages front-end application interface design while underlying credit settlements complete directly on the Base protocol.

The fixed-rate credit framework lays operational foundations for future loans backed by tokenised real-world financial assets.

Following the announcement, Coinbase Global Inc (NASDAQ:COIN) shares were up 0.01% at $201.07.