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Banks Tokenize Deposits as Coinbase Offers Morpho-Powered Borrowing

TokenPost·October 17, 2026·1 min read

Banks are tokenizing deposits as Coinbase offers Morpho-powered borrowing. Coinbase's service had more than $2.17 billion in cumulative USD Coin (USDC) originations by April 14, 2026, with active USDC loans exceeding $1.4 billion by Sept. 16. This marks a shift toward on-chain lending and tokenized banking products.

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