**[Coinbase Launches On-Chain USDC Lending Feature]** Golden Finance reports that Coinbase has announced the launch of a new feature allowing users to lend their USDC stablecoins on-chain. This service is powered by the decentralized lending protocol Morpho, with allocations managed through on-chain vaults curated on Base, the Ethereum Layer 2 network incubated by Coinbase in collaboration with Steakhouse Financial. When users deposit USDC, Coinbase creates a smart contract wallet to route funds across different lending pools to optimize returns. Coinbase stated that users can start earning yields immediately and withdraw at any time, subject to liquidity availability.