[Coinbase Launches USDC On-Chain Yield Service with Morpho in Brazil and Canada] According to the Coinbase blog, Coinbase has expanded its DeFi Earn product to Brazil and Canada. Eligible users can access the "Lending" feature within the app to lend USDC to the lending protocol Morpho deployed on Base. The funds are then directed to audited vaults managed by Steakhouse Financial to earn on-chain interest. There is no lock-up period, and users can redeem funds at any time. Previously launched in the U.S., this product has attracted nearly $500 million in total deposits, with a maximum annual yield of approximately 7.4%. The yield will dynamically adjust based on on-chain supply and demand. Users subscribed to Coinbase One can enjoy higher interest rates when available. This initiative aims to enhance the utilization and earning potential of USDC assets for local users.