Coinbase Expands Crypto-Backed Loans to Include XRP, ADA, DOGE, and LTC Holders

Coinbase has expanded its crypto lending service to XRP, ADA, DOGE, and LTC holders, allowing them to borrow up to $100,000 USDC without selling their crypto. The loans are processed on-chain using Morpho, a decentralized lending protocol, and operate using blockchain smart contracts. Coinbase warns about the risks involved, such as liquidation if the value of the crypto drops. The move positions Coinbase as a broader crypto financial services platform.