- Coinbase expanded its US crypto-backed loans to accept XRP, Dogecoin, Cardano, and Litecoin as collateral, joining Bitcoin and Ethereum.
- Eligible users can borrow up to US$100,000 in USDC through the decentralised Morpho protocol, which manages loan rules on-chain to avoid selling assets.
- The service allows holders to access liquidity without triggering capital gains taxes, though it requires wrapping tokens and carries automatic liquidation risks if collateral values drop.
Leading crypto exchange Coinbase (COIN) has officially expanded its US crypto-backed loans to accept XRP, Dogecoin (DOGE), Cardano’s ADA and Litecoin (LTC) as collateral.
According to the announcement, eligible users can borrow up to…
