Coinbase Adds Solana-Backed Loans on Base Through Morpho Infrastructure

Coinbase has expanded its onchain crypto-backed lending product to let users borrow up to $100,000 against Solana through a Morpho integration on Base. The company said that since the product launched last year, it has issued more than $2.3 billion in crypto-backed loans, including $2.17 billion backed by Bitcoin and about $110 million backed by Ethereum. The update adds Solana to Coinbase’s supported collateral assets and extends the company’s push into blockchain-based financial services.

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