Coinbase launches Solana-backed loans up to $100K in USDC with low interest rates

Coinbase has introduced loans backed by Solana (SOL) allowing users to borrow up to $100,000 in USDC without selling their SOL tokens. Powered by Morpho's on-chain lending platform, these loans offer interest rates as low as 5%, no monthly payments, and flexible repayment terms. This service is available across the U.S. except New York, expanding Coinbase's crypto-backed loan offerings and supporting its strategy to diversify revenue streams beyond trading. The move also aligns with Coinbase's broader vision to integrate crypto assets into real-world financial use cases, including recent initiatives like crypto-backed mortgages.