Coinbase has expanded its crypto-backed loan program to accept Dogecoin, XRP, Cardano, and Litecoin as collateral on the Base network via Morpho, moving beyond the previous Bitcoin- and Ethereum-only framework. The update marks a structural shift in how retail investors can leverage altcoin holdings within the company’s lending product. Dogecoin trades around $0.09739, down 0.94% in the last 24 hours, after a 6.48% gain over the past seven days and a 21.3% drop over 30 days. The move arrives as macro pressure and broader market weakness weigh on sentiment for crypto assets.
Qualified U.S. users (excluding New York) can borrow up to $100,000 in USDC using these assets on the Base network via Morpho, providing liquidity without needing to sell holdings. Previously, Coinbase’s loan product was limited to Bitcoin and Ethereum, making this expansion a notable shift for altcoin holders. Open-interest data from Glassnode suggest the 90-day moving average of open interest across top assets has remained negative since October 2025, signaling waning appetite for DOGE exposure. While the collateral expansion is a meaningful product improvement, it has not yet changed the broader DOGE price trend in the current macro-driven environment.
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