Coinbase is expanding crypto-backed loans, adding XRP, DOGE, ADA, and LTC as collateral. Borrowers can unlock up to $100000 in USDC borrowing. The update signals Coinbase’s ongoing effort to broaden its crypto lending options. By accepting XRP, DOGE, ADA, and LTC as collateral, Coinbase continues to widen the range of assets supported by its loan program.
Coinbase announced an expansion of its crypto-backed loan program, adding XRP, DOGE, ADA, and LTC as eligible collateral. Borrowers can unlock up to $100,000 in USDC by pledging these assets, broadening the lender’s lending options. The move signals Coinbase’s continued effort to diversify its asset base within the loan program. With these additions, Coinbase widens the set of assets accepted for collateral, potentially attracting more users seeking liquidity without selling their holdings.
The expansion reflects the company’s ongoing strategy to provide flexible crypto credit to a broader user base. They should consider repayment schedules and potential margin calls in rapid market moves. Overall, the expansion highlights Coinbase’s push to broaden access to crypto credit while maintaining risk controls.
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