Coinbase Expands Stablecoin Push with Brazil DeFi Launch
Coinbase Global has launched a DeFi-powered USDC earning product in Brazil using the Morpho onchain lending protocol.
This move expands Coinbase's USDC rewards and DeFi features to Brazilian users, adding another major market to its stablecoin push.
The launch supports Coinbase's 'Everything Exchange' vision by extending activity beyond trading into onchain lending and yield-oriented services.
This crossover between centralized exchanges and onchain lending is spreading fast, so it is worth comparing Coinbase with other crypto and blockchain exposures in 19 cryptocurrency and blockchain stocks.