Coinbase and Morpho Launch Solana-Backed Loans

Coinbase has expanded its crypto-backed lending services by integrating Solana (SOL) as collateral. Users can now instantly borrow up to $100,000 in USDC by pledging their SOL holdings, without needing to sell their cryptocurrency. This new offering is powered by Morpho's decentralized lending protocol, which facilitates on-chain borrowing against digital assets. The move by Coinbase aims to provide greater utility for Solana holders and enhance liquidity within the crypto ecosystem, making it easier for users to access stablecoin funds against their staked digital assets.