Coinbase Expands On-Chain Lending Collateral Assets with XRP, DOGE, ADA, LTC

Coinbase expands its Morpho-powered on-chain lending by adding XRP, DOGE, ADA, and LTC as collateral, enabling higher USDC borrowing for eligible users.

Rich by Coin

2026-02-19

Coinbase says its Morpho-powered on-chain crypto-backed lending service has added XRP, Dogecoin (DOGE), Cardano (ADA), and Litecoin (LTC) as eligible collateral. Qualified U.S. users (excluding New York residents) can now borrow up to $100,000 in USDC without liquidating these assets. Previously, Bitcoin and Ethereum were the only collateral options, with caps of $5 million and $1 million in USDC respectively.

The service runs on Morpho on the Base network and has disbursed more than $1.9 billion in loans to date. A one-time borrowing fee is charged and added to the loan principal. This expansion broadens collateral options for eligible users in Coinbase’s growing DeFi-enabled lending ecosystem on Base.