Coinbase announced the addition of XRP, Dogecoin (DOGE), Cardano (ADA), and Litecoin (LTC) as collateral assets to its on-chain crypto-collateralized lending product offered through the DeFi protocol Morpho. Eligible US users (excluding New York State) can now borrow up to $100,000 USDC without selling these tokens. Previously, the product supported Bitcoin and Ethereum as collateral, with a maximum borrowing limit of $5 million USDC for Bitcoin and $1 million USDC for Ethereum. Coinbase stated that the on-chain lending service runs on the Morpho protocol on the Base network, and has disbursed over $1.9 billion in loans to date. The company charges a one-time borrowing fee, which is added to the loan principal.