Coinbase lets XRP, ADA and dogecoin holders borrow up to $100,000 without selling
The exchange is widening access to its Morpho-powered lending product after a wave of liquidations earlier this month, giving holders of major retail tokens a way to borrow USDC without selling.
What to know:
Coinbase is expanding its U.S. crypto-backed lending service to include XRP, dogecoin, Cardano's ADA and litecoin, allowing more customers to borrow against their holdings without selling.
The loans, capped at $100,000 in USDC and routed on-chain through the Morpho protocol, are available nationwide except in New York and use wrapped versions of some tokens as collateral.
While marketed as a tax-efficient way to access liquidity, the product carries liquidation risk if collateral values drop and may trigger taxable events when assets are converted into wrapped tokens.
