Morpho Surges on Coinbase and Circle Integrations

Morpho's price surged by 3.5% over the past 22 hours due to high-profile integrations with Coinbase and Circle.

One key integration is Coinbase's introduction of fixed-rate, fixed-term bitcoin-backed USDC loans powered by Morpho Midnight on Base.

This move provides Morpho with a significant new retail distribution channel, allowing eligible US users to borrow USDC against BTC at a fixed rate and maturity.

Additionally, Circle launched Digital Asset-Backed Borrowing (DABB), using Morpho as the first supported lending protocol for institutional users.