The Block reported that Coinbase has added fixed-rate loans collateralized by Bitcoin through Morpho Midnight. Users can borrow USDC against BTC as collateral with a predetermined interest rate and repayment date when taking out a loan. Coinbase already offers variable-rate loans based on Morpho Blue. According to Coinbase, the outstanding amount of existing variable-rate loans has exceeded $1.4 billion, with collateral assets reaching approximately $3 billion. Users will now be able to choose between fixed-rate and variable-rate on-chain loan products.
