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Home BlockchainCoinbases Crypto-Backed Lending Product Expands to XRP and DOGE
Blockchain

Coinbases Crypto-Backed Lending Product Expands to XRP and DOGE

by Decrypt
written by Decrypt 0 comments
Coinbase’s Crypto-Backed Lending Product Expands to XRP and DOGE

In brief

  • Coinbase’s crypto-backed lending product has expanded to several altcoins.
  • Those include XRP, Dogecoin, Cardano, and Litecoin.
  • The product faced a wave of liquidations earlier this month.

Coinbase signaled on Wednesday that its crypto-backed lending product is expanding in the U.S., unveiling support for XRP, Dogecoin, Cardano, and Litecoin.

By posting their holdings as collateral on decentralized finance protocol Morpho, customers can borrow up to $100,000 in Circle’s USDC stablecoin, the…

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