On-chain news confirms Coinbase has added Cardano (ADA) to its lending platform, enabling U.S. users to borrow up to $100,000 in USDC using ADA as collateral through Morpho. The service is not available in New York. Coinbase launched its on-chain lending platform last year with Bitcoin and Ether and has since originated more than $1.9 billion in loans.
Santiment data show whale wallets added 240 million ADA in the past week, signaling continued confidence from large holders despite recent price weakness. ADA was trading around $0.275, trending between support near $0.27 and resistance near $0.30.
Moreover, the broader collateral base reflects rising demand for decentralized borrowing solutions among retail and institutional users. The company now includes XRP, Dogecoin, Litecoin, and Cardano to widen borrower access.
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