Borrow Against Your Bitcoin at a Fixed Rate: Coinbase Expands Morpho Loans

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Decrypt
Borrow Against Your Bitcoin at a Fixed Rate: Coinbase Expands Morpho LoansWorldPing
Image via Decrypt.

What happened

The product lets users lock in their rate and repayment date when borrowing USDC against Bitcoin, marking the first enterprise-scale deployment of Morpho Midnight and a shift away from on-chain lending's variable-rate norm.

Key facts

  • The product lets users lock in their rate and repayment date when borrowing USDC against Bitcoin, marking the first enterprise-scale deployment of Morpho Midnight and a shift away from on-chain lending's variable-rate norm.
  • Reported by Decrypt and published Wed, 23 Sep 2026 18:15:06 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Borrow Against Your Bitcoin at a Fixed Rate: Coinbase Expands Morpho Loans

  2. ‘AI Will Take Everyone’s Jobs’: Why Bitcoin Bull Tim Draper Is Hiring More

  3. Bitcoin slips below $85,000 as 5% Treasury yield returns to haunt risk assets

  4. White hats recover 52 Bitcoin from Coldcard exploit, and a new public portal lets victims check eligibility

  5. Dogecoin down 8%, bitcoin under $84,000 as Treasury yields hit highest level since 2007

  6. Bitcoin’s ‘last resort’ quantum-safe solution just got 79% cheaper: StarkWare

  7. A week of AI coding cut a quantum-safe bitcoin transaction estimate from $320 to $66

Sources

The original report was published by Decrypt. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Decrypt

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