Coinbase has expanded its DeFi Earn product to Brazil and Canada, allowing eligible users to lend USDC through the app's Lending entry point. Funds are supplied to Morpho, a lending protocol deployed on Base, and routed to an audited vault curated by Steakhouse Financial to generate on-chain interest. Users can redeem at any time, while rates adjust with on-chain supply and demand. The product previously attracted nearly $500 million in total deposits in the United States, with annualized yields reaching about 7.4%. Coinbase One subscribers may receive higher rates when available, as Coinbase broadens USDC yield options in the two markets.