Manager – Derivatives Compliance

Coinbase and Morpho launch massive USDC boom profit 2026. Coinbase expands its Morpho-powered USDC lending to Brazil and Canada, offering up to 7.4% variable APY with no lock-up. Using audited vaults on Base curated by Steakhouse, the move turns idle USDC into active onchain credit amid surging institutional DeFi lending. Coinbase and Morpho are bringing onchain USDC lending to Brazil and Canada, letting eligible users earn up to 7.4% variable APY with no lock-up. The integration embeds decentralized credit directly in the Coinbase app, routing retail USDC deposits into Morpho vaults on Base to fund crypto-collateralized borrowers and turning idle stablecoin balances into active lending positions. Table of contents. How it works and who is involved. Coinbase and Morpho power the product called DeFi Earn, or USDC Lending, which sends USDC to audited Morpho Vaults, a protocol running at a total value locked (TVL) of over $8.3 billion per DeFiLlama at least, through which vaults are carefully curated by Steakhouse Financial. Upon initiating a transaction, Coinbase creates a self-custodial wallet for signers and deposits into the vaults on Base USDC. Borrowers, such as consumers of crypto-backed loans backed by cbBTC and cbETH, are the ones who are taking out loans and, because of this, are repaying interest rates. Real-time interest on USDC is paid back to users. Coinbase One clients who are lucky enough will be getting extra incentives in the MORPHO tokens. Coinbase and Morpho launched in the US in 2025 with initial rates up to 10.8% APY, and now report nearly $500 million in total supply with recent rates up to 7.4% APY. Coinbase and Morpho offer no fixed lock-up, so users can withdraw subject to liquidity up to $5 million per user, unlike Coinbase's USDC Rewards program, which does not lend balances. Why it matters for stablecoins and DeFi. Coinbase and Morpho are testing whether trusted interfaces can scale decentralized credit. USDC, issued by Circle, is the leading regulated dollar stablecoin with about a $74.28 billion market cap per CoinGecko in early September, and benefits from growing US clarity. Coinbase calls the design a DeFi mullet: fintech frontend, decentralized backend. Coinbase and Morpho enable a simple flow: lenders supply USDC, borrowers pledge volatile collateral like cbBTC and cbETH, and interest flows onchain. Coinbase and Morpho expanded in June with a second vault using Ethena-linked markets, showing how curation can segment risk. Rates are variable and driven by demand, collateral is volatile, and smart contract and liquidity risks apply. For institutions, it provides a template for embedding permissionless protocols without external wallets. For regulators, it raises disclosure questions as banking groups scrutinise stablecoin yield. DeFi lending accelerates. Coinbase and Morpho's rollout comes as onchain lending accelerates, with Binance Research reporting institutional DeFi lending up 72% year-to-date and Morpho gaining share as an alternative to prime brokerage. Brazil offers high crypto adoption, a central bank advancing Drex, and heavy stablecoin use. Canada offers a banked, yield-sensitive market where crypto-backed loans have traction. Next steps depend on local eligibility, fees, and disclosures around withdrawals and liquidation. If adoption is strong, Coinbase could expand to more vaults and regions, positioning USDC as productive collateral inside a regulated gateway to DeFi. Coinbase tests global DeFi expansion. Coinbase and Morpho's expansion to Brazil and Canada is more than geographic growth; it's a test of whether DeFi can scale through trusted, licensed interfaces. Coinbase does a passive stablecoin USDC, into active collateral by routing it into audited Morpho vaults on the Base platform selected by Steakhouse Financial. It is done without the need for active user interaction with wallets, blockchain bridges, or protocols. So far, users in the US have provided $500 million to this arrangement, with a variable interest rate up to 7.4%, and there's an option for withdrawals at any time. Still, such a model attracts the yield-hunting crowd but, at the same time, it remains completely in users' control. Even so, the downside is clearly DeFi-style. These are variable rates, exposure to volatile cbBTC/cbETH collateral, vulnerability to smart contracts, and liquidity limitations. Given high adoption with the presence of a DeFi entity, Drex, in Brazil and a yield-sensitive market foundation in Canada, a successful Coinbase rollout will likely give the company permission to open up other vaults and regions, as well as introduce other types of collateral. If this works out, TronWeekly LLC can be sure that USDC, a DeFi staple in 70 plus USD cap of 420 million US dollars, will be a major productive resource in connecting regulated financial services and the decentralized, permissionless lending world. Ananthyka J Ananthyka J is a market reporter at Tronweekly, reporting on cryptocurrency news. She covers cryptocurrency markets, blockchain technology, and digital asset regulation, focusing on Bitcoin, Ethereum, DeFi, altcoins, and crypto policy. Her reporting emphasizes clear and accurate market coverage, including crypto market movements, regulatory developments, and blockchain adoption. She holds a BA in Journalism and Mass Communication and an MA in Communication and Media Studies. She has also completed multiple media internships, follows strict editorial and fact-checking standards, and discloses potential conflicts of interest when reporting.

Coinbase CEO targets $70T US stocks with fully backed tokenized equities push. September 15, 2026 Key Takeaways: * Coinbase CEO Brian Armstrong claims that the exchange's token stocks represent actual securitie, and not synthetic assets or debt instruments. * The products offer redemption and dividend capabilities and voting is scheduled for a later rollout. * In the meantime, Armstrong views tokenized equities as a pathway for global investors to tap into the $70 trillion-plus U.S. stock market via blockchain infrastructure. User Score Coinbase is taking tokenized equities a step further, contending that the token should be a real security with real rights attached to it instead of a mere blockchain-backed price. Coinbase CEO Brian Armstrong explained its strategy as it expands its on-chain financial offerings. Table of contents. Coinbase pushes fully backed stock tokens. Armstrong said Coinbase has established a model built around tokenized stocks that are backed by the corresponding underlying securities. It is essential in the crypto landscape. There are stock-issuing blockchain products that are primarily focused on the price of an asset relative to the blockchain, while Coinbase takes a more securities-focused route. Armstrong also noted that the positions are tokenized, and holders could redeem for the shares if they are eligible. This provides the products with greater linkage to the traditional securities markets and not merely a synthetic risk associated with stock prices. Meanwhile, Coinbase has been working on a new tokenized equity offering on its own private Ethereum Layer 2 network Base. The first round was supposed to feature tokens based on well-known US corporations and ETFs, in order to appeal to qualified investors outside the US. Dividends already supported, voting rights planned. Coinbase wants tokenized equities to carry more shareholder features. Another characteristic difference between Coinbase's tokenized stocks and the basic synthetic ones is dividends, according to Armstrong. Economically, eligible tokenized equity holders can benefit from dividends payments via a product structure, and Coinbase has also announced the launch of voting rights. Adding another layer to blockchain-based ownership of equity would enable eligible holders to access certain corporate decision-making processes with an onchain structure. The development comes amid steps to enhance the usability of tokenized securities beyond exchange-traded assets. $70T US stock market becomes Coinbase's target. Coinbase estimates the value of the U.S. stock market at well over $70 trillion, bringing it to the forefront of the markets where they could link the blockchain rails. The exchange wants to integrate tokenized stocks to offer a gateway to investors and institutions outside the United States. Blockchain based markets will operate within the digital infrastructure providing programmable transfers and on chain settlement. Coinbase's existing tokenized stock product is targeted at non-US investors, not U.S. customers. The products are organised via offshore companies and are subject to jurisdictional limitations and enactments. The plan also falls under the company's broader push to diversify Base from crypto trading to tokenized financial assets. For Coinbase, the proposition is clear: familiar stocks and ETFs on blockchain while maintaining the security of the securities and introducing crypto-native alternatives like on-chain transfers and programmable ownership. Emily Harper Educational Content Specialist Emily creates beginner-friendly content to help newcomers understand cryptocurrency basics. She has a background in education and started her crypto journey researching Ethereum's smart contracts. Her goal is to empower readers to make informed decisions in the crypto world. Emily's approachable writing style makes complex topics accessible.

Coinbase Wallet launches Pulse Mode for mobile perpetual futures trading. September 13, 2026 8:00 PM Table of contents Coinbase has launched Pulse Mode, a simplified mobile interface for perpetual futures trading, shortly after renaming its Base App to Coinbase Wallet. The feature gives eligible users a streamlined route to leveraged trading directly inside the self-custodial wallet, without leaving the application to use a separate exchange or platform. It marks one of the most direct consumer-facing moves yet in the company's broader push into derivatives. What Pulse Mode does. Pulse Mode presents a simplified interface for opening and managing leveraged long and short positions, commonly called perps. In perpetual futures, traders take a position on an asset's price without an expiry date, using leverage to amplify exposure in either direction. Coinbase Wallet remains self-custodial and supports spot crypto, tokenized assets, prediction markets, commodities, and perpetual markets together, with Pulse Mode positioned as the entry point for the derivatives side of that stack. The company has not yet published detailed fee schedules, leverage limits, or regional eligibility requirements for the new mode. Announcement and rollout. Coinbase CEO Brian Armstrong revealed the feature in a September 12 post on X, sharing an image of the new interface and inviting users to download the updated application. His post did not provide technical specifications, a complete list of supported markets, or the exact risk controls that apply to positions opened through Pulse Mode. The rollout appears to be gradual, with availability tied to a user's eligibility rather than a single global switch, consistent with how Coinbase has staged previous feature launches. Broader derivatives push. The launch follows Coinbase's decision to restore the Coinbase Wallet name to the app it had rebranded as Base, and it extends a wider move into derivatives, joining other recent Coinbase launches such as bitcoin-backed mortgages built with Better. The company has separately filed with the U.S. Securities and Exchange Commission to bring single-stock perpetual futures to U.S. investors, signaling that leveraged products are a growing focus of its retail roadmap. For now, Pulse Mode marks the first consumer-facing step in that direction on the mobile wallet, and its reception could shape how aggressively Coinbase expands its perpetuals offering to everyday users in the months ahead. Why it matters. The timing is notable. Retail demand for leveraged trading has grown sharply over the past year, and mobile-first interfaces have become a key battleground as exchanges and wallets compete for traders who want to manage positions on the go. Pulse Mode is Coinbase's answer to that demand, and its rollout will test how much appetite everyday users have for derivatives inside a self-custodial wallet rather than a traditional exchange.