The platform allows to connect lenders and borrowers through the base network.
On its own, without the alliance with Morpho, Coinbase offers yields of up to 4.5% per year.
Coinbase, the largest cryptocurrency exchange in the United States, launched an integration with Morpho, a decentralized loan protocol, which will allow users to provide their holdings of the USD Coin Stablecoin (USDC) and obtain – in the words of the Exchange – “competitive yields.”
According to him advertisementthe yield will be up to 10.8% per year from September 18, 2025, in what It is presented as an incentive for Coinbase app users to provide their USDC.
The Exchange keeps its direct yields without changes: 4.1% per year for deposits in USDC and up to 4.5% for members of Coinbase One. The difference is that, linking with Morpho, the option of participating in loans opens opens Ochain which offer higher returns from the same coinbase application.
The operation works as follows: after the deposit, a intelligent contract wallet is created that connects with Morpho through vaults administered by the firm Steakhouse Financial. The funds are distributed in loan markets in order to optimize interest And capital can be withdrawn at any time, subject to available liquidity, according to coinbase.
Morpho concentrates More than 8,300 million dollars in total value blocked, according to Defillama, and was included by cryptonotic among the best cryptocurrency lending platforms in 2025.
Coinbase confirmed that the new option will be available in the coming weeks for United States users – except in New York – Bermuda and other countries (does not specify which ones).