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Coinbase expands USDC DeFi Earn to Brazil with Morpho

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Coinbase’s DeFi Earn routes customers’ self-custodied USDC to Morpho on Base and into Steakhouse Financial vaults, letting users earn market-driven yields up to 7.4% APY with no lock-ups and withdrawals anytime. After US growth to nearly $500M in total supply, the feature is now rolling out to eligible customers in Brazil via the Lending tab, with higher rates for Coinbase One subscribers where available.

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