Coinbase’s Solana update lets eligible U.S. users outside New York borrow up to $100,000 in USDC against SOL through a Morpho powered on chain lending product on Base, without selling their tokens [2][5].

Coinbase’s addition of Solana collateral turns SOL from a tradable asset inside Coinbase into a borrowing asset for eligible users. Reports say eligible U.S. customers outside New York can now post SOL and borrow up to $100,000 in USDC through Coinbase’s Morpho-based on-chain lending product on Base [2][
5][
10].
The feature is useful for holders who want dollar liquidity without selling SOL, but it is still a collateralized crypto loan. Borrowers need to understand the cap, eligibility limits, loan-to-value mechanics, and liquidation risk before treating the product as a simple cash-out tool.
Coinbase has reportedly added Solana as a supported collateral asset for its on-chain lending service, allowing eligible borrowers to use SOL as collateral and receive USDC instead of selling their tokens [2][
3]. The service runs through Morpho lending infrastructure on Base, Coinbase’s Ethereum layer-2 network [
5].
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Coinbase’s Solana update lets eligible U.S. users outside New York borrow up to $100,000 in USDC against SOL through a Morpho powered on chain lending product on Base, without selling their tokens [2][5].
Coinbase’s Solana update lets eligible U.S. users outside New York borrow up to $100,000 in USDC against SOL through a Morpho powered on chain lending product on Base, without selling their tokens [2][5]. The move fits Coinbase’s broader push beyond spot crypto trading into stablecoins, Base based on chain finance, and its stated “everything exchange” strategy [19][24].
A SOL backed loan can preserve crypto exposure, but falling collateral value can raise loan to value and trigger liquidation under Coinbase’s crypto backed loan rules [14][16].
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Open related pageCoinbase has added Solana (SOL) as collateral to its Morpho-based on-chain lending service, allowing eligible U.S. customers outside New York to borrow up to $100,000 in USDC non-custodially without selling their tokens. ... Coinbase has expanded its on-cha...
Coinbase has expanded its on-chain lending capabilities by adding Solana (SOL) as a collateral option for its Morpho-based service. The move, first reported by The Block, allows eligible U.S. customers to borrow up to $100,000 in USDC stablecoins without ne...
- Users can borrow up to $100,000 in USDC using SOL as collateral through Coinbase’s Morpho-powered system on Base. ... Crypto exchange Coinbase has added Solana to its crypto-backed lending service, giving eligible users in the United States a new way to b...
Coinbase has added Solana (SOL) as a collateral asset for its on-chain lending product. Users can now borrow up to $100,000 in liquidity through Morpho’s infrastructure on Base. ... Odaily Planet Daily reports: Coinbase has expanded its on-chain crypto coll...
In practical terms, this gives SOL holders a new liquidity option:
That makes the product most relevant for U.S.-based Coinbase users who already hold SOL and want short-term liquidity while maintaining their position. It is less relevant for users who cannot access Coinbase lending in their jurisdiction, do not want liquidation risk, or need predictable repayment terms similar to a traditional loan.
Coinbase’s crypto-backed loan product is built around USDC borrowing and on-chain collateral. Coinbase’s own loan page says USDC is deposited into the borrower’s Coinbase account, while the selected collateral is moved on-chain to Morpho [14][
16]. The SOL rollout reports say the Solana collateral option uses the same Morpho-on-Base structure [
5].
A simplified flow looks like this:
Coinbase’s general crypto-backed loan documentation says there are no repayment schedules or deadlines, but it also says the loan-to-value ratio must remain below the required threshold to avoid automatic liquidation and a penalty fee [14][
16]. For SOL specifically, the supplied rollout reports do not provide a separate LTV limit or liquidation threshold, so borrowers should check the live loan screen before opening a position.
The clearest SOL-specific limit in the available reporting is up to $100,000 in USDC against SOL collateral for eligible users [2][
4][
10]. The same reports say the feature is available to eligible U.S. customers outside New York State [
2][
10].
There is one important nuance: Coinbase’s general crypto-backed loan pages list borrowing of up to $1,000,000 USDC and say the amount depends on available collateral [14][
16]. That broader product-page figure should not be assumed to apply to SOL-backed loans. For the Solana rollout, the provided sources consistently cite the $100,000 cap [
2][
4][
10].
Borrowers should treat the in-product quote as the operative limit because eligibility, collateral type, collateral value, jurisdiction, interest, and liquidation parameters can all affect the actual amount available.
Adding SOL collateral is not just another asset listing. It extends Coinbase’s role from spot trading into borrowing, stablecoin liquidity, and Base-based on-chain finance.
Coinbase has publicly been described as prioritizing three related areas for 2026: stablecoins, Base, and building exchange products beyond cryptocurrencies [19]. Coverage of Coinbase’s “everything exchange” strategy describes a broader platform that can include cryptoassets, equities, prediction markets, commodities, and derivatives-style markets across one user experience [
19][
24].
In that context, SOL-backed loans do three things:
The strategic point is straightforward: Coinbase wants more customer activity to happen inside its own app and on-chain infrastructure, rather than only on a spot-trading screen. SOL collateral helps move Solana holders into that broader financial-services flow.
A SOL-backed loan can be useful, but it is not risk-free liquidity. If the value of the posted collateral falls relative to the borrowed USDC, the loan-to-value ratio rises. Coinbase’s crypto-backed loan documentation says LTV must remain under the required threshold to avoid automatic liquidation and a penalty fee [14][
16].
The exact threshold matters. Coinbase’s general loan page cites an 86% LTV liquidation threshold for its crypto-backed loan product [14][
16]. But a separate report about other Coinbase/Morpho collateral assets—XRP, DOGE, ADA, and LTC—cited different parameters, including a 49% maximum LTV and a 62.5% liquidation threshold for those assets [
11]. Those figures should not be applied to SOL unless Coinbase shows them in the live product.
The safest conclusion from the available sources is: the SOL-specific liquidation threshold is not established in the supplied reporting. Borrowers should verify the live SOL loan terms, not extrapolate from Bitcoin or other collateral markets.
Before taking a SOL-backed loan, borrowers should ask five questions:
Coinbase’s Solana collateral rollout gives eligible U.S. users outside New York a new way to borrow USDC against SOL, with reports citing a SOL-backed cap of up to $100,000 [2][
10]. It also fits Coinbase’s broader strategy of combining stablecoins, Base, and more financial products inside a larger “everything exchange” experience [
19][
24].
For borrowers, the upside is liquidity without selling SOL. The tradeoff is liquidation risk. Until Coinbase’s live product screen confirms the exact SOL LTV, interest rate, and liquidation threshold for a specific user, the headline borrowing cap should be treated as only the starting point—not the risk control plan.
Coinbase has added Solana (SOL) as a collateral option for its Morpho-based on-chain lending service, according to The Block. U.S. customers outside of New York State can borrow up to $100,000 in USDC without having to sell their collateral.
BlockBeats message, February 19, Coinbase announced that it has added support for XRP, DOGE, ADA, and LTC as collateral in its on-chain collateralized lending products provided through Morpho; compliant users in the U.S. can borrow up to 100,000 USDC withou...
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