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Morpho Midnight's fixed-rate lending deposits surpass $100M, powering Coinbase's USDC loans backed by Bitcoin.

Protocol Fundamentals
23 Oct 2026
Tokenpost
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Bullish
Morpho Midnight's fixed-rate lending deposits surpass $100M, powering Coinbase's USDC loans backed by Bitcoin.

Morpho Midnight, an onchain fixed-rate lending market, has reached over $100 million in total deposits. This platform allows lenders to set loan offers with specific terms, while borrowers select from these offers, locking in fixed interest rates and repayment dates. Coinbase's fixed-rate USDC loans, backed by Bitcoin, are the first major use of Morpho Midnight's infrastructure, with Coinbase managing the user experience and Base handling settlements. This milestone highlights growing adoption of decentralized fixed-rate lending solutions in crypto finance.

Morpho Midnight's lending milestone is presented here with Pluang's market data for context. For readers following cryptocurrency markets, breadth shows 14 of 50 major cryptocurrencies rose while 35 fell. Notable movers include DOT at Rp19.513 with a -6.05% change, SNX at Rp3.654 down -4.67%, and ATOM at Rp30.543 down -4.09%. Data is as of Oct 24, 2026 09:02 WIB.

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