COINOTAG News reports, citing The Block, that Coinbase has broadened its on-chain lending offering to accept Ethereum (ETH) as eligible collateral as of November 20.
Qualifying customers can borrow up to $1 million in USDC without selling their crypto, with the loan underpinned by the Morpho lending protocol.
By expanding this product, Coinbase reinforces its stance on scalable, collateral-backed liquidity within the crypto ecosystem, leveraging Morpho to support larger, on-chain credit opportunities while maintaining rigorous risk controls.
Source: https://en.coinotag.com/breakingnews/coinbase-expands-on-chain-lending-by-accepting-ethereum-eth-as-collateral-enabling-up-to-1-million-in-usdc-via-morpho-protocol




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