Today, Coinbase announced the launch of crypto-backed loans, powered by Morpho, enabling millions of users to get a USDC loan directly through Coinbase’s main app. This novel, fully onchain product combines Morpho’s highly efficient and open infrastructure with Coinbase's expertise in making crypto accessible to people worldwide.

Gradually rolling out on the Coinbase app, customers now have a simple and secure way to borrow USDC against their BTC held on Coinbase, with plans to support more collateral assets in the future. The process is seamless: users can view supported assets, review borrowing terms, and manage their loans—all within a single, intuitive interface. In just a few clicks, USDC arrives instantly into their Coinbase account, with flexible, open-ended repayment terms.

With loans powered by Morpho on Base, Coinbase customers have access to the most competitive rates and loan-to-value ratios available onchain—directly through the Coinbase app. This provides users with all the benefits of Morpho, but enhanced by Coinbase’s seamless user experience.

To get started with crypto-backed loans on Coinbase visit coinbase.com/loans, or try Morpho directly at app.morpho.org.

Bringing Institutions Onchain

Morpho enables companies like Coinbase to offer access to borrowing and lending services while maintaining complete control over the experience. Everything can run effortlessly on top of Morpho's highly secure, immutable, and open infrastructure, without needing to relinquish control to any third-party.

Think of Morpho as the internet protocol for lending and borrowing. Similar to how Airbnb, Amazon and Netflix leveraged internet protocols to offer specific experiences to their users, Coinbase and other companies can use Morpho to create customized lending and borrowing experience, tailored to their customers’ needs.

The Coinbase integration represents a major leap forward for onchain finance but also Morpho as it becomes the infrastructure of choice for other exchanges, fintechs, and banks moving onchain. Expect more institutions to follow Coinbase’s lead and build on Morpho.

Visit morpho.org to learn more.