Coinbase has expanded its crypto-backed loan program to accept XRP, DOGE, LTC, and ADA as collateral, offering loans of up to $100,000 in USDC. These loans are underpinned by Morpho, a DeFi lending protocol operating on Coinbase’s Base chain.
Even with the expansion, XRP, DOGE, LTC, and ADA have remained under pressure, with Morpho testing its 200-day EMA as price dynamics unfold. The move signals Coinbase’s continued effort to broaden collateral options beyond BTC and ETH on its evolving Base ecosystem. This expansion underscores the growing role of DeFi in mainstream lending and could broaden liquidity access for holders of these assets. Users benefit from more flexible collateral options on the Base network.
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