Coinbase expands Morpho-powered USDC lending to Brazil
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3 Articles
Coinbase expands Morpho-powered USDC lending to Brazil
Coinbase has expanded its Morpho-powered lending product to eligible Brazilian customers, offering market-based returns on USDC without a fixed lock-up period. Coinbase brings USDC lending to Brazilian users Coinbase said in a Sep. 9 announcement that its DeFi Earn product…
Coinbase announced the expansion of its DeFi Earn product to Brazil through an integration with Morpho, the onchain loan protocol that operates on the Base network. Through this functionality, Brazilian users can deposit USDC from their autosecurity walls and generate yields of up to 7.4% ANY without periods of blocking, with the possibility of withdrawing funds in Brazil. It is ... Read more
Coinbase will extend to Brazil its product DeFi Earn, powered by Morpho, so that eligible customers allocate USDC to an onchain vault and receive yields determined by the demand for loans. The supply comes as the country strengthens the supervision of crypto suppliers and registers an increasing use of stablecoins.
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