Coinbase introduces fixed-rate bitcoin-backed loans via Morpho Midnight

Coinbase announced fixed-rate Bitcoin collateralized USDC loans through Morpho Midnight on September 22, 2026, allowing users to lock in interest rates and repayment dates at loan initiation. Borrowers can choose maturity dates at month-end, with Coinbase's existing floating-rate Morpho Blue loans exceeding $1.4 billion in outstanding loans.