BlockBeats News, April 20th, Coinbase announced the launch of crypto staking loan service in the UK, allowing users to use BTC, ETH, or cbETH as collateral to borrow USDC within one minute to obtain liquidity without selling their holdings.

This product is based on the decentralized lending protocol Morpho deployed on the Base network, with current supported collateral assets including BTC, ETH, and cbETH. The borrowing interest rate is a variable rate, dynamically adjusted by the protocol based on market conditions, and users can repay at any time with no fixed term.

The official statement mentioned that the service has made progress in the US market, with over 2.17 billion USDC loans issued through Morpho as of mid-April 2026. The launch in the UK is an important step in its international expansion, with plans to further expand to more countries and collateral asset types in the future.

In addition, Coinbase One members can receive up to a 3.5% APY reward on their USDC holdings. The platform noted that if the collateral ratio reaches the liquidation threshold, the relevant assets will be automatically liquidated to repay the loan.