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‑chain lending protocol Morpho on Base and adds another layer to Coinbase’s growing set of crypto‑collateral products. How The ETH Loan Works 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 s ...