Coinbase and Morpho Unveil Solana-Backed Loans

Coinbase has added Solana (SOL) to its crypto-backed loans offering. SOL-backed loans are now available on Coinbase,” the company said in a Tuesday (May 12) post on X. “Instantly borrow up to $100K in USDC against your Solana without selling.” According to a Coinbase webpage about its crypto-backed loans , this offering is powered by Morpho ’s on-chain lending platform and allows borrowers to access money instantly in the form of USDC, pay interest rates as low as 5% and repay at a