Coinbase adds Solana-secured loans through Morpho, allowing users to borrow up to $100,000.

CoinFeed reported on May 13th that, according to The Block, Coinbase has expanded its cryptocurrency-backed on-chain lending product, adding support for Solana, allowing users to borrow up to $100,000 by collateralizing SOL. This loan is offered through the Morpho integration on Base, similar to its Bitcoin and Ethereum collateralized lending products. A company spokesperson revealed that since its launch last year, Coinbase's total cryptocurrency-secured lending has exceeded $2.3 billion, with Bitcoin collateral accounting for $2.17 billion and Ethereum collateral accounting for approximately $110 million.