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>>Coinbase broadens its on‑chain lending program to accept XRP, Dogecoin, Cardano and Litecoin as collateral.

Coinbase broadens its on‑chain lending program to accept XRP, Dogecoin, Cardano and Litecoin as collateral.

crypthub

2/18/2026, 10:34:40 PM

Program Expansion

Coinbase has added XRP, Dogecoin, Cardano and Litecoin as eligible collateral for its on‑chain lending service. Verified U.S. users (excluding New York) can now borrow up to $100,000 in USDC while keeping their crypto holdings. The move broadens liquidity options and reflects growing demand for credit products backed by digital assets. Existing collateral options continue to include Bitcoin and Ether, with larger loan caps for those tokens. The company reports over $1.9 billion in total loan originations to date.

DeFi Integration

The lending product runs on the Morpho protocol within Coinbase’s Base network, coupling a centralized UI with decentralized liquidity pools. Morpho handles market mechanics while Coinbase manages user experience, positioning the platform as a bridge to DeFi. Product lead Jacob Frantz emphasized that any held token should be usable for leverage without a sale. This integration underscores Coinbase’s strategy to deepen its role in decentralized finance infrastructure.

Loan Terms & Risk Management

Altcoin‑backed loans allow up to 49 % loan‑to‑value (LTV) and are liquidated at 62.5 %, whereas Bitcoin and Ether loans permit up to 75 % LTV with a 86 % liquidation threshold. Interest rates vary with supply and demand in Morpho markets, and a one‑time fee applies when opening or expanding a loan. There are no fixed repayment schedules, but borrowers must monitor collateral values closely. Coinbase forbids using loan proceeds for trading on its exchange, encouraging broader financial uses, and plans to extend the service beyond the United States.