# Expansion of crypto lending via Morpho infrastructure

> Developing situation record from CLSTR: https://clstr.news/situations/expansion-of-crypto-lending-via-morpho-infrastructure
> Updated: 2026-10-07T09:01:03.000Z. Sources: 4. Developments: 2.

The cryptocurrency lending landscape is expanding through new integrations with the Morpho credit infrastructure. 

Initially, Coinbase expanded its crypto-backed lending services by adding Hyperliquid (HYPE) and Zcash (ZEC) as eligible collateral for dollar-denominated loans. The platform also introduced fixed-rate, fixed-maturity loans powered by Morpho Midnight, allowing users to borrow USDC against Bitcoin with predetermined interest rates.

Following this, Lido contributors proposed ‘Lido Lend’, a specialized decentralized lending market utilizing a modified Morpho Blue design to focus on blue-chip assets and correlated pairs. Concurrently, Ledger launched ‘Crypto Loan’, a self-custodial feature within its wallet app. This service enables users to pledge wrapped Bitcoin as collateral to borrow stablecoins like USDC or USDT, utilizing the Morpho decentralized credit network.

## Timeline

### 2026-10-07: Lido and Ledger expand crypto lending capabilities via Morpho

Lido proposes a specialized lending market called Lido Lend via Morpho, while Ledger launches a self-custodial Bitcoin-backed loan feature powered by Morpho.

2 sources. https://clstr.news/cluster/lido-and-ledger-expand-crypto-lending-capabilities-via-morpho

### 2026-09-28: Coinbase expands crypto lending with new collateral and fixed-rate loans

Coinbase is expanding its lending services by adding HYPE and ZEC as loan collateral and launching fixed-rate, fixed-maturity crypto-backed loans powered by Morpho Midnight.

2 sources. https://clstr.news/cluster/coinbase-expands-crypto-lending-with-new-collateral-and-fixed-rate-loans

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Cite as: Expansion of crypto lending via Morpho infrastructure. CLSTR, https://clstr.news/situations/expansion-of-crypto-lending-via-morpho-infrastructure