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wait so like i can earn 10.8% APY on my USDC in Coinbase now?! 🚀 is this the DEFI revolution
Coinbase’s integration of Morpho for yield generation on USDC assets highlights a strategic move towards DEFI adoption: users can now potentially earn up to
Coinbase’s integration with Morpho to offer up to 10.8% APY on USDC assets reflects the increasing interest in DEFI among
Coinbase introduces a new way for users to earn yields on their USDC assets through a DEFI integration with Morpho loan protocol. Users can lend USDC directly in the Coinbase app, potentially earning up to 10.8% APY. This move aligns with the growing interest in DEFI among Americans, with 40% open to using such protocols under better regulations. Institutional interest in DEFI loans has surged by 72% this year, per Binance Research.
The debate around stablecoin efficiency heats up as challenges arise due to the industry’s perception. The Bank Policy Institute raised concerns about stable-to-yield operations, emphasizing the importance of distinguishing stablecoins’ objectives from traditional banking services. Despite stablecoins’ rapid adoption, Coinbase refutes claims that they undermine banking services, seeing them as a competitive alternative.
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