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Coinbase’s crypto-backed lending service will include XRP, DOGE, Cardano’s ADA and Litecoin, allowing customers to borrow up to $100,000 in USDC. The post CoinbaseCoinbase’s crypto-backed lending service will include XRP, DOGE, Cardano’s ADA and Litecoin, allowing customers to borrow up to $100,000 in USDC. The post Coinbase

Coinbase Expands Crypto-Backed Loans to XRP, DOGE, ADA and Litecoin

Author: Cryptonews AU

Source: Cryptonews AU

2026/02/20 14:14

2 min read

XRP$1.4241+0.68%

DOGE$0.09927+1.39%

ADA$0.2787+1.64%

Coinbase expanded its US crypto-backed loans to accept XRP, Dogecoin, Cardano, and Litecoin as collateral, joining Bitcoin and Ethereum.
Eligible users can borrow up to US$100,000 in USDC through the decentralised Morpho protocol, which manages loan rules on-chain to avoid selling assets.
The service allows holders to access liquidity without triggering capital gains taxes, though it requires wrapping tokens and carries automatic liquidation risks if collateral values drop.

Leading crypto exchange Coinbase (COIN) has officially expanded its US crypto-backed loans to accept XRP, Dogecoin (DOGE), Cardano’s ADA and Litecoin (LTC) as collateral.

According to the announcement, eligible users can borrow up to US$100K (AU$142K) in USDC without selling their crypto.

Now you can unlock the value of your portfolio without giving up your position. Borrow up to $100k in USDC against your tokens, instantly, without selling.

Coinbase

Read more: BlackRock Seeds US$100K to Launch Yield-Bearing Staked Ethereum ETF

New Loans On Coinbase

The loans run through Morpho, a decentralised lending protocol, so the loan and collateral rules are handled on-chain, not from Coinbase’s own balance sheet. The service is available in most of the US, excluding the state of New York.

The news, however, didn’t do much to boost the price of these cryptocurrencies, which is not surprising considering the current market sentiment. Bitcoin recently slipped below US$66K (AU$100K), dragging most altcoins with it, and a total market cap of barely US$2.3 trillion (AU$3.2 trillion)

Related: Goldman Sachs CEO David Solomon Reveals Personal Bitcoin Stake Amid Shifting Crypto Stance

Notice that the change adds more retail-focused tokens to a product that previously leaned on Bitcoin and Ether. Unlike ETH and ADA, tokens such as XRP, DOGE and LTC don’t have native staking yield, so borrowing is one of the few ways holders can access cash without exiting the position.

Coinbase is pitching the loans as a way to access liquidity without triggering capital gains from a sale, but, of course, it carries the usual liquidation risk, so if the collateral price drops enough, the collateral can be sold to repay the loan. The exchange said the collateral is “wrapped,” meaning the tokens are converted into a form that can work on Ethereum-compatible networks.

The post Coinbase Expands Crypto-Backed Loans to XRP, DOGE, ADA and Litecoin appeared first on Crypto News Australia.

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