PANews reported on September 18th that, according to the Coinbase blog, Coinbase has launched an on-chain USDC lending service. Users can borrow USDC on the Base chain through the Morpho and Steakhouse Financial protocols, with current annualized returns up to 10.8% . Funds will be linked to the Morpho protocol from the Coinbase smart contract wallet and allocated by Steakhouse Financial to different markets to optimize returns. Users can withdraw funds at any time. This service is currently available in the United States (excluding New York State), Bermuda, and some other countries.