Coinbase Supercharges DeFi with USDC Lending via Morpho on Base Network

Coinbase just dropped a bombshell—launching USDC lending through Morpho's protocol on their Base network. This isn't just another feature drop; it's a direct shot across the bow of traditional finance's sluggish lending systems.

Why This Matters

By integrating Morpho's peer-to-peer lending mechanics, Coinbase effectively cuts out the middleman—banks. Users can now lend USDC directly to borrowers, earning yield while bypassing traditional banking bottlenecks. The move signals Coinbase's aggressive push into DeFi infrastructure rather than just trading.

The Base Advantage

Running on Base—Coinbase's Ethereum L2—means lower fees and faster settlements. That’s critical for lending protocols where gas costs can eat into yields. It also creates a seamless on-ramp for Coinbase's 110M+ verified users to enter DeFi without leaving the ecosystem.

Finance’s Ironic Twist

Meanwhile, Wall Street still charges 20% APR on credit cards while fighting crypto—the very tech that could force them to finally cut rates. How’s that for innovation?