[Coinbase Launches Fixed-Rate USDC Lending Product Backed by Bitcoin Collateral] According to The Block, Coinbase has launched a fixed-rate USDC loan product backed by Bitcoin collateral through the integration of Morpho Midnight. Users can lock in the interest rate and repayment due date at the time of borrowing. This product operates alongside the previously introduced floating-rate lending based on Morpho Blue, which currently has over $1.4 billion in outstanding loans and approximately $3 billion in collateral on Coinbase. Morpho stated that Midnight has been deployed on the Base chain, with current deposit volumes around $30 million. Coinbase now offers two repayment due dates: 'end of this month' and 'end of next month.' If repayment is not made by the due date, lenders may liquidate the borrower's collateral.