{"id":48333,"date":"2025-09-18T19:01:44","date_gmt":"2025-09-18T19:01:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=48333"},"modified":"2025-09-18T19:01:44","modified_gmt":"2025-09-18T19:01:44","slug":"coinbase-adds-usdc-lending-with-morpho-and-steakhouse-financial","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=48333","title":{"rendered":"Coinbase Adds USDC Lending With Morpho and Steakhouse Financial"},"content":{"rendered":"<div>\n<p>U.S.-listed cryptocurrency exchange Coinbase (COIN) has rolled out a USDC lending product that allows its customers to earn yield directly from the exchange\u2019s app, deepening its integration with decentralized finance (DeFi).<\/p>\n<p>The feature is powered by <a href=\"https:\/\/www.coindesk.com\/business\/2025\/01\/16\/coinbase-to-offer-bitcoin-backed-loans-through-morpho\">Morpho,<\/a> a protocol that routes deposits through curated \u201cvaults\u201d managed by Steakhouse Financial, according to a <a href=\"https:\/\/morpho.org\/blog\/morpho-is-now-powering-usdc-lending-on-coinbase\/\">blogpost<\/a> on Thursday<\/p>\n<p>When users deposit USDC, their funds are lent out to borrowers \u2014 including those already tapping Coinbase\u2019s crypto-backed loans secured by bitcoin. The interest borrowers pay generates returns for depositors, who can withdraw anytime without lockups. <\/p>\n<p>Coinbase said the setup creates a flywheel effect where its lending and borrowing products reinforce each other. The launch follows more than $900 million in loans originated through Coinbase\u2019s crypto-backed loan service. Together, the two offerings form what the company calls its first complete onchain lending and borrowing ecosystem.<\/p>\n<p>By outsourcing the backend to Morpho\u2019s smart contracts while keeping the Coinbase interface, the company is betting on what it calls the \u201cDeFi mullet\u201d approach: a familiar fintech user experience at the front, powered by open, decentralized infrastructure in the back.<\/p>\n<p>For users, the product offers an easier way into decentralized lending markets without leaving Coinbase\u2019s platform. For Morpho, it underscores the argument that the future of finance will be built on open networks, but accessed through trusted gateways.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S.-listed cryptocurrency exchange Coinbase (COIN) has rolled out a USDC lending product that allows its customers to earn yield directly from the exchange\u2019s app, deepening its integration with decentralized finance (DeFi). The feature is powered by Morpho, a protocol that routes deposits through curated \u201cvaults\u201d managed by Steakhouse Financial, according to a blogpost on Thursday [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-48333","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/48333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48333"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/48333\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}