Morpho: Fixed-Rate BTC Loans Go Live on Coinbase via Morpho Midnight on Base - 22 Sep 2026

Morpho's lending infrastructure now supports fixed-rate loans against BTC on Coinbase, powered by Morpho Midnight on Base. Borrowers get predictable borrowing costs for the duration of their loans, with the product running inside Coinbase's own interface rather than a separate decentralized application.Morpho Midnight on Base gives Morpho direct distribution to Coinbase's large retail user base, a materially wider channel than its existing decentralized frontends. The fixed-rate structure removes rate volatility for borrowers, which can support steadier loan demand against BTC collateral.For MORPHO holders, the relevant question is whether this integration translates into protocol volume and fee flow at scale, since distribution alone does not guarantee borrowing activity.Fixed rate loans on powered by Morpho.Millions of Coinbase users can now borrow against their BTC at a fixed rate, giving them predictable borrowing costs for the duration of their loans.Built on Morpho Midnight on .