Coinbase Adds Two USDC Lending Vaults on Morpho, With a Choice of Risk Tier

Crypto Insight Summary: 1. 3. 5. Coinbase has launched two onchain USDC lending vaults built on Morpho and curated by Steakhouse Financial: a conservative Prime tier backed by BTC and ETH collateral, and a Higher Yield tier drawing on Ethena-powered assets. By:• 1 hour ago CeFi Coinbase this afternoon launched two onchain USDC lending vaults built on Morpho and curated by Steakhouse Financial, giving users their first choice of risk profile when lending from the exchange: a conservative Prime tier backed by blue-chip crypto collateral, and a Higher Yield tier drawing on assets issued by Ethena. The this afternoon, with a providing product details. Existing Steakhouse-curated USDC vaults on Morpho carry yields in the 3.5 to 4% range, per . The Steakhouse-curated vault using USDtb, Ethena's T-bill-backed stablecoin, yields approximately 8.79% annually on Morpho, per . USDtb is one of two Ethena-issued stablecoins; the other, USDe, has . Crypto Insight Analysis: Direction: Bullish COIN Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Coinbase's new USDC lending vaults expand yield options, boosting platform utility and user engagement.