TechFlame News: Bitcoin News posted on X that Coinbase has launched fixed-rate, fixed-term USDC loans collateralized by Bitcoin through Morpho Midnight, allowing borrowers to access USDC without selling their Bitcoin.

For this product, the interest rate and repayment date are determined at the start of the loan; if the borrower fails to repay the USDC and interest by the maturity date, the pledged Bitcoin may be liquidated. Coinbase's existing Morpho-powered floating-rate Bitcoin-collateralized loans already have over $1.4 billion in active or outstanding loan volume, with collateral value of approximately $3 billion.