Morpho Midnight launches all USDC markets on Morpho Blue

USDC: USDC is Circle's USD-pegged stablecoin used extensively as a loan asset in DeFi lending markets. It serves as the primary borrowable asset in multiple Morpho Blue markets now accessible via Morpho Midnight for both variable and fixed-rate lending. Morpho Blue: Morpho Blue is Morpho's permissionless variable-rate lending protocol featuring isolated markets with immutable risk parameters. It supports USDC markets and other pairs across chains and provides the liquidity foundation that Morpho Midnight extends with fixed-rate capabilities. Morpho Midnight: Morpho Midnight is a noncustodial fixed-rate, fixed-term lending protocol launched by Morpho on Base in July 2026. It uses an intent-based, offer-driven system where lenders and borrowers agree on rates, maturities, and terms directly, complementing variable-rate protocols. It recently expanded through integrations such as Coinbase's addition of fixed-rate bitcoin-backed USDC loans. Ecosystem: Morpho Midnight operates alongside Morpho Blue as a complementary fixed-rate layer within the broader Morpho lending network on Base. Integration: Coinbase added fixed-rate USDC borrowing options through Morpho Midnight alongside its existing Morpho Blue variable-rate loans. Product Feature: Morpho Midnight supports multi-market limit orders allowing simultaneous activity across multiple USDC markets and maturities.