Coinbase says it is expanding its crypto-backed loans offering by adding support for Solana (SOL). The exchange announces that users holding SOL can borrow against their holdings without selling, using USDC as the borrowed asset. Coinbase states that customers can borrow instantly up to $100,000 in USDC by using SOL as collateral.
According to information provided in connection with the rollout, the Solana-backed loan product is powered through Morpho’s on-chain lending infrastructure, using Coinbase’s integration with Morpho. One report specifies that the offering is available on Base, where Coinbase’s platform supports the lending integration.
Overall, the sources describe a new option for customers who already hold SOL, allowing them to access liquidity while retaining their SOL exposure. The announcements focus on the collateral and borrowing limits (up to $100,000 in USDC), the use of on-chain lending via Morpho, and the availability through Coinbase’s Morpho integration.
