Coinbase Expands Onchain Earning to Brazil and Canada

Coinbase has expanded its onchain earning experience to Brazil and Canada, giving more customers a way to put their USDC to work without locking up funds or navigating complex DeFi steps.

The move builds on momentum from the United States, where DeFi Earn has quickly grown into a popular option for users seeking flexible, onchain yield directly through the Coinbase app.

The product routes funds from customers' self-custodial wallets into Morpho, an onchain lending protocol built on Base. From there, deposits flow into vaults curated by Steakhouse Financial, where USDC begins accruing rewards until withdrawn.

Coinbase emphasizes that users maintain full flexibility: there are no lock-up periods, and withdrawals can be made at any time.