Coinbase Bolsters USDC Earnings with Morpho Onchain Lending in Brazil

Crypto exchange Coinbase has expanded its USDC stablecoin rewards program in Brazil through Morpho onchain lending protocol.

The integration enables eligible customers to earn more rewards on their USDC holdings without a lock-up period, using the Lending tab on their Coinbase app.

Rates are market-driven and change with onchain supply and demand. Coinbase One subscribers receive a boosted rate where available.

Coinbase's Earn product has seen massive adoption in the US since its launch, reaching nearly $500 million USD in total supply and offering up to 7.4% APY.