Cryptocurrency exchange Coinbase announced a new initiative in collaboration with an altcoin. Cryptocurrency exchange Coinbase has launched a new feature that allows users to lend their stablecoin holdings on-chain. The company claims to offer returns of up to 10.8% on USDC. The new service is powered by the decentralized lending protocol Morpho (MORPHO), and fund allocations are made through onchain vaults managed by Steakhouse Financial on Base, Coinbase’s Ethereum Layer 2 network.