• Coinbase lets XRP, ADA and dogecoin holders borrow up to $100,000 without selling The exchange is widening access to its Morpho-powered lending product after a wave of liquidations earlier this month, giving holders of major retail tokens a way to borrow USDC without selling. • What to know: Coinbase is expanding its U.S. • crypto-backed lending service to include XRP, dogecoin, Cardano’s ADA and litecoin, allowing more customers to borrow against their holdings without selling. • The loans, capped at $100,000 in USDC and routed on-chain through the Morpho protocol, are available nationwide except in New York and use wrapped versions of some tokens as collateral. • While marketed as a tax-efficient way to access liquidity, the product carries liquidation risk if collateral values drop and may trigger taxable events when assets are converted into wrapped tokens. • Coinbaseis expandingits crypto-backed lending product in the U.S.
Article Summaries:
- Coinbase lets XRP, ADA and dogecoin holders borrow up to $100,000 without selling The exchange is widening access to its Morpho-powered lending product after a wave of liquidations earlier this month, giving holders of major retail tokens a way to borrow USDC without selling. What to know: - Coinbase is expanding its U.S. crypto-backed lending service to include XRP, dogecoin, Cardano’s ADA and litecoin, allowing more customers to borrow against their holdings without selling. - The loans, capped at $100,000 in USDC and routed on-chain through the Morpho protocol, are available nationwide exce
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