Odaily Planet Daily reported that the cryptocurrency exchange Coinbase announced the launch of a new feature that allows users to lend their USDC stablecoins on the chain. The service is powered by the decentralized lending protocol Morpho, and its allocation is managed through the on-chain vault curated by Steakhouse Financial on the Ethereum Layer 2 network Base incubated by Coinbase. When a user deposits USDC, Coinbase creates a smart contract wallet that routes funds between different lending pools to optimize returns. Coinbase said that users can start earning income immediately and can withdraw it at any time, depending on liquidity. (The Block)