Coinbase now offers loans for XRP, Dogecoin, ADA, and LTC.
February 20, 2026
Coinbase has recently broadened its crypto-backed lending services to now include XRP, Dogecoin, Cardano, and Litecoin, significantly expanding opportunities for users holding these altcoins to access up to $100,000 in USDC without the need to sell off their assets.
This new offering runs through the Morpho protocol on the Base network, an Ethereum layer two network by Coinbase, which has already facilitated over $1.9 billion in total loan originations. Despite this major enhancement to their lending program, the prices of these altcoins continue to feel the pressure from the overall market sentiment.
The expansion of Coinbase’s loan program builds on their existing support for Bitcoin and Ethereum. While Bitcoin holders can borrow up to $5 million and Ethereum holders can access up to $1 million in USDC, XRP, Dogecoin, ADA, and Litecoin loans are currently capped at $100,000 with more stringent risk controls in place. Tokens like XRP, Dogecoin, ADA, and Litecoin allow for a maximum 49% loan-to-value ratio, lower than the 75% offered for Bitcoin and Ethereum. In addition, liquidation for the newly added assets is triggered at 62.5% LTV, while Bitcoin and Ethereum face liquidation at 86%.
Interest rates are variable and depend on the supply and demand on the Morpho protocol. A one-time borrowing fee is charged by Coinbase, and while there is no fixed repayment schedule, maintaining the loan-to-value ratio is crucial to avoid liquidation. To ensure account safety, Coinbase employs a buffer and sends alerts as accounts approach risky levels.
Despite strong early adoption with over $1.9 billion in loan originations already processed, the prices of XRP, Dogecoin, Cardano, and Litecoin have remained weak. XRP is hovering around $1.42, Dogecoin below $0.10, Cardano near $0.2750, and Litecoin at $53. These altcoins’ trading data reflects fading momentum, with declining volume and open interest in derivatives.
Market sentiment is dominated by broader economic conditions, as the Federal Reserve shows no immediate intention to cut interest rates, and the stronger USD is impacting digital assets. The Crypto Fear and Greed Index is at 11, signaling extreme fear, and roughly $214 million in crypto positions were liquidated in the past 24 hours.
In conclusion, while Coinbase’s move to expand its lending services is a significant step towards unlocking liquidity without selling assets, market conditions driven by macroeconomic forces are currently weighing heavily on the prices of altcoins. Price recovery will likely depend more on broader economic signals than on product enhancements alone.
