{"id":59645,"date":"2025-11-21T07:01:57","date_gmt":"2025-11-21T07:01:57","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=59645"},"modified":"2025-11-21T07:01:57","modified_gmt":"2025-11-21T07:01:57","slug":"coinbase-introduces-eth-backed-loans-up-to-1-million","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=59645","title":{"rendered":"Coinbase Introduces ETH-Backed Loans Up to $1 Million"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Coinbase has expanded its loan lineup with a new option that lets eligible users borrow up to 1 million dollars in USDC by putting their ETH up as collateral. The feature runs through the on\u2011chain lending protocol Morpho on Base and adds another layer to Coinbase\u2019s growing set of crypto\u2011collateral products.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">How The ETH Loan Works<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The offer is available to users in the United States, except for New York residents, and lets them lock up their ETH to receive a USDC loan. The borrowing cap for this product sits at 1 million dollars for ETH\u2011backed loans, and the position is managed through Morpho\u2019s infrastructure, <\/span><span data-preserver-spaces=\"true\">even<\/span><span data-preserver-spaces=\"true\"> though everything appears inside the Coinbase interface.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">ETH-backed loans are now on Coinbase.<\/p>\n<p>You can use your ETH as collateral to borrow USDC.<\/p>\n<p>Ethereum. <a href=\"https:\/\/t.co\/dJAoyIufNH\" rel=\"nofollow\" target=\"_blank\">https:\/\/t.co\/dJAoyIufNH<\/a><\/p>\n<p>\u2014 Brian Armstrong (@brian_armstrong) <a href=\"https:\/\/twitter.com\/brian_armstrong\/status\/1991524917612015905?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">November 20, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">The user <\/span><span data-preserver-spaces=\"true\">keeps<\/span><span data-preserver-spaces=\"true\"> exposure to <\/span><span data-preserver-spaces=\"true\">the price of<\/span><span data-preserver-spaces=\"true\"> ETH while getting immediate access to liquidity <\/span><span data-preserver-spaces=\"true\">since<\/span><span data-preserver-spaces=\"true\"> there is no need to sell the asset to fund the loan.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">A Bigger Step For Asset\u2011Backed Borrowing<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">ETH joins Bitcoin as a supported collateral type, widening what users can borrow against on Coinbase. <\/span><span data-preserver-spaces=\"true\">BTC\u2011backed loans already allowed borrowing up to 1 million <\/span><span data-preserver-spaces=\"true\">dollars<\/span><span data-preserver-spaces=\"true\">, and adding ETH shows that Coinbase is broadening the list of assets that can support larger borrowing needs.<\/span><span data-preserver-spaces=\"true\"> Many users prefer holding ETH long term, so having the ability to unlock value without selling it fills a clear gap in the platform\u2019s borrowing tools.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Best New Cryptocurrencies to Invest in 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">What Users Need To Watch<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Maintaining a healthy collateral ratio is essential because drops in ETH price can trigger liquidation. These products rely on loan\u2011to\u2011value metrics, and if the collateral value falls below safe <\/span><span data-preserver-spaces=\"true\">levels,<\/span><span data-preserver-spaces=\"true\"> the loan may be closed automatically. <\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">If you believe in som\u039eTHing, this one&#8217;s for you.<\/p>\n<p>ETH-backed loans are here.<\/p>\n<p>You can borrow USDC against your Ethereum, unlocking liquidity without selling.<\/p>\n<p>Available now in the U.S. (ex. NY). <a href=\"https:\/\/t.co\/eOvJ2BWPfr\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/eOvJ2BWPfr<\/a><\/p>\n<p>\u2014 Coinbase <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f6e1.png\" alt=\"\ud83d\udee1\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> (@coinbase) <a href=\"https:\/\/twitter.com\/coinbase\/status\/1991523378554105980?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">November 20, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">The limit for ETH loans is fixed at 1 million dollars, while BTC can support a higher ceiling. <\/span><span data-preserver-spaces=\"true\">Interest rates float based on supply and demand within the Morpho protocol. R<\/span><span data-preserver-spaces=\"true\">epayment<\/span><span data-preserver-spaces=\"true\"> can <\/span><span data-preserver-spaces=\"true\">happen<\/span><span data-preserver-spaces=\"true\"> at any time as long as the user <\/span><span data-preserver-spaces=\"true\">keeps the<\/span><span data-preserver-spaces=\"true\"> collateral <\/span><span data-preserver-spaces=\"true\">strong<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Understanding The Risks<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Borrowing against ETH <\/span><span data-preserver-spaces=\"true\">leaves<\/span><span data-preserver-spaces=\"true\"> the user <\/span><span data-preserver-spaces=\"true\">exposed<\/span><span data-preserver-spaces=\"true\"> to the market movements <\/span><span data-preserver-spaces=\"true\">of the asset<\/span><span data-preserver-spaces=\"true\"> while also <\/span><span data-preserver-spaces=\"true\">carrying a<\/span><span data-preserver-spaces=\"true\"> debt.<\/span><span data-preserver-spaces=\"true\"> If ETH falls sharply <\/span><span data-preserver-spaces=\"true\">the<\/span><span data-preserver-spaces=\"true\"> collateral buffer shrinks, which can lead to liquidation or penalty fees. The structure gives flexibility because the user does not need to make repayments on a set schedule. Yet the collateral must always remain sufficient to cover the loan. Anyone using this feature must be comfortable handling volatility on the asset side while managing a loan on the liability side.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">20+ Next Crypto to Explode in 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">How This Fits Into The Market<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The introduction of ETH\u2011backed loans up to 1 million dollars shows that Coinbase is pushing deeper into crypto\u2011collateral lending. This move targets not only small borrowers but also users with more substantial holdings. As platforms add more collateral options and increase borrowing limits, crypto\u2011backed financing continues to grow. It is becoming a clearer part of the broader industry. <\/span><\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_691fdb345b7e2\" data-coin-id=\"eth\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n\t\t\t\t<img id=\"crypto_chart_691fdb345b7e2-chart__info-icon-img\"><\/p>\n<div class=\"chart__info-name\" id=\"crypto_chart_691fdb345b7e2-chart__info-name\"><\/div>\n<div class=\"chart__info-symbol\" id=\"crypto_chart_691fdb345b7e2-chart__info-symbol\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-current\">\n<div class=\"chart__info-price\" id=\"crypto_chart_691fdb345b7e2-chart__info-price\"><\/div>\n<div class=\"chart__info-change\" id=\"crypto_chart_691fdb345b7e2-chart__info-change\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-extra\">\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-marketcap\" id=\"crypto_chart_691fdb345b7e2-chart__info-marketcap\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n\t\t\t\t<button class=\"chart__button chart__button--24h\" id=\"crypto_chart_691fdb345b7e2-btn-24h\">24h<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--7d\" id=\"crypto_chart_691fdb345b7e2-btn-7d\">7d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--30d\" id=\"crypto_chart_691fdb345b7e2-btn-30d\">30d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--1y\" id=\"crypto_chart_691fdb345b7e2-btn-1y\">1y<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_691fdb345b7e2-btn-all-time\">All Time<\/button>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n\t\t<canvas class=\"chart__canvas\" id=\"crypto_chart_691fdb345b7e2-cryptoChart\"><\/canvas>\n\t<\/div>\n<\/div>\n<p><span data-preserver-spaces=\"true\">Morpho\u2019s role underneath the interface shows how established companies are leaning on decentralised protocols. At the same time, they keep the experience accessible to everyday users.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">With ETH now included as collateral and a clear borrowing limit in place, the loan product expands how digital assets can be used without forcing users to part with their holdings. <\/span><span data-preserver-spaces=\"true\">It adds another route <\/span><span data-preserver-spaces=\"true\">for<\/span><span data-preserver-spaces=\"true\"> accessing liquidity and <\/span><span data-preserver-spaces=\"true\">strengthens the direction of<\/span><span data-preserver-spaces=\"true\"> crypto platforms aiming to mirror familiar borrowing models while keeping blockchain assets at the core.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Coinbase now lets eligible U.S. users borrow up to $1 million in USDC using ETH as collateral through Morpho on Base    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        ETH-backed loans work directly inside the Coinbase interface, but are powered by Morpho\u2019s on-chain lending infrastructure    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        This product joins Coinbase\u2019s BTC loan option, expanding crypto-collateral borrowing to include both <\/li>\n<p><\/span><span data-preserver-spaces=\"true\">major<\/span><span data-preserver-spaces=\"true\"> digital assets<br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Users must manage their collateral ratios carefully since ETH price drops can lead to liquidation or penalty fees    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The launch shows Coinbase leaning further into asset-backed lending by pairing a user-friendly front end with a decentralized lending protocol    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/coinbase-introduces-eth-backed-loans-up-to-1-million\/\">Coinbase Introduces ETH-Backed Loans Up to $1 Million<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase has expanded its loan lineup with a new option that lets eligible users borrow up to 1 million dollars in USDC by putting their ETH up as collateral. The feature runs through the on\u2011chain lending protocol Morpho on Base and adds another layer to Coinbase\u2019s growing set of crypto\u2011collateral products. How The ETH Loan [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-59645","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/59645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59645"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/59645\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}