The Base network now supports loans in USDC secured by Bitcoin via the Morpho Midnight protocol. Through this offering, Coinbase allows borrowers in the US, excluding New York, to secure fixed interest rates and repayment dates before borrowing. This product complements the company's existing $1.4 billion variable rate loan book.

Coinbase also released a Borrow feature for CoinbaseDev Wallets to embed collateralized USDC loans directly into third party apps. This integration uses Morpho Blue on Base to manage collateral positions and browse loan products, enabling developers to offer stablecoin borrowing to their own users.