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Coinbase’s Crypto-Backed Lending Product Expands to XRP and DOGE

From decrypt.co

Coinbase signaled on Wednesday that its crypto-backed lending product is expanding in the U.S., unveiling support for XRP, Dogecoin, Cardano, and Litecoin. By posting their holdings as collateral on decentralized finance protocol Morpho, customers can borrow up to $100,000 in Circle’s USDC stablecoin, the exchange said on X. The service is available throughout the U.S., excluding New York, Coinbase added. It marks a continuation of Coinbase’s efforts to broaden the product’s appeal, as it approaches $2 billion in originations, according to a Dune dashboard. The product began accepting Ethereum in November, after ... (full story)

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