Coinbase now allows users to borrow the USDC stablecoin against their bitcoin at a fixed interest rate and repayment date. Coinbase now offers fixed-rate loans that let users borrow the USDC stablecoin against their bitcoin, with interest rates and repayment dates set at origination. The loans run on Morpho Midnight, a noncustodial lending protocol, and settle on Base, Coinbase’s Ethereum layer 2 network. The product complements Coinbase’s variable-rate lending business, which has more than $1.…
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