Borrowers in the US, excluding those in New York, can now establish a predetermined repayment schedule and interest cost before taking out a loan. Coinbase released the product on the Base network, enabling users to obtain USDC by leveraging Bitcoin holdings through a system built by Morpho Midnight. The service allows participants to obtain liquidity without selling their digital assets.

The company also introduced a Borrow tool for Coinbase Dev Wallets, which permits software developers to integrate crypto backed USDC loans into their own applications. This feature utilizes Morpho Blue on Base and provides the capability to browse loan products and manage collateralized positions over time.