DeFi
Coinbase Integrates DeFi Lending with USDC Offering up to 10.8% APY
Partnership with Morpho Labs and SteakhouseFi on Base network provides users direct access to DeFi yields.
September 18, 2025
Companies mentioned:
Coinbase is launching a DeFi lending feature for USDC with yields up to 10.8%.
The service is powered by Morpho Labs and SteakhouseFi, running on the Base network.
It offers simplified access to DeFi yields directly through the Coinbase platform.
Coinbase is rolling out a new feature that allows users to lend their USDC for a current yield of up to 10.8% APY. The offering is integrated directly within the Coinbase platform, providing a simplified user experience to access decentralized finance (DeFi) lending protocols.
The service is powered by a collaboration with Morpho Labs, a DeFi lending protocol, and SteakhouseFi, a financial services provider for decentralized autonomous organizations (DAOs). The entire system operates on Base, Coinbase's Ethereum Layer 2 network. This integration marks a significant step by a major centralized exchange to bridge the gap between traditional finance and the DeFi ecosystem, offering users a more streamlined way to earn yield on their stablecoin holdings.
The feature is being progressively rolled out to users in the United States (excluding New York) and other select regions.
Read More:
https://www.coinbase.com/en-ca/blog/earn-competitive-yields-by-lending-your-usdc
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