Coinbase Launches High-Yield On-Chain USDC Lending

What to Know: Coinbase launches high-yield USDC lending using Morpho and Steakhouse Financial. Offers up to 10.8% APY on USDC deposits. Integration marks a major DeFi and fintech collaboration. USDC High-Yield Lending Launch from Coinbase Coinbase has rolled out an on-chain USDC lending product with high yields, utilizing Morpho's technology and Steakhouse Financial's risk management, enhancing its decentralized finance offerings. This launch signifies a pivotal move towards integrating decentralized finance within mainstream platforms, potentially reshaping competitive yields and attracting significant user interest in the DeFi space. Coinbase, on Sept. 18, 2025, introduced an on-chain USDC lending product offering high yields, in partnership with Morpho Labs and Steakhouse Financial. This new product integrates DeFi yields into Coinbase's platform, providing significant potential gains for users and potentially altering the cryptocurrency lending landscape. Coinbase Partners with Morpho for 10.8% APY USDC Coinbase has announced a new on-chain USDC lending product designed for high yields. By leveraging the Morpho protocol, this new offer stands out due to its competitive rates. This product, developed by Coinbase's teams, is managed by Morpho Labs in cooperation with Steakhouse Financial, focusing on risk management and yield optimization. DeFi Integration Boosts Crypto Liquidity Options The launch could significantly influence the market by diverting liquidity to crypto solutions. This integration may boost the adoption of DeFi-related financial products among mainstream users. Financially, this move enhances Coinbase's product offerings, expands user engagement in DeFi, and potentially affects USDC and BTC markets through its use in lending and collateral roles. New Milestone in USDC Lending Evolution This represents a substantial evolution from previous USDC APY offers by Coinbase, which were simpler and offered lower returns. The integration's seamless access differentiates it in terms of user experience. Based on historical market reactions to similar ventures, Coinbase's integration could see heightened TVL and user interest, mirroring successes of platforms like Aave and Compound with institutional management. This integration supports Morpho’s thesis that the future of finance will be built on onchain infrastructure, accessed through trusted fintech interfaces. - Paul Frambot, CEO & Co-Founder, Morpho Labs Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor.