Catenaa, Thursday, February 26, 2026- Coinbase has added XRP, Dogecoin, Cardano, and Litecoin as eligible collateral for its onchain loans, enabling US customers outside New York to borrow up to $100,000 in USDC without selling holdings, according to a company announcement.
The loans are offered via the Morpho protocol on Base, with Coinbase providing the user interface for borrowers.
The addition expands the platform’s existing support for bitcoin and ether, which allow up to $5 million and $1 million in USDC borrowing, respectively. To date, Coinbase’s onchain loan product has originated more than $1.9 billion in loans.
Loan terms allow borrowers to maintain a healthy loan-to-value (LTV) ratio to avoid liquidation. BTC and ETH loans permit a 75% LTV, with liquidation triggered at 86%, while XRP, DOGE, ADA, and LTC loans allow a 49% LTV with a 62.5% liquidation threshold.
Interest rates are variable and determined by supply and demand on Morpho. Loan proceeds cannot be used for trading on Coinbase.
Jacob Frantz, product lead at Coinbase, said the expansion provides more flexibility for users to leverage crypto without selling, highlighting the broader vision for tokenized assets in financial services. The company plans to extend access internationally in the future.
