Coinbase expands crypto-backed loans to include HYPE and ZEC
Coinbase expanded its crypto-backed lending product to add Hyperliquid’s HYPE and Zcash’s ZEC as collateral for USDC loans. The borrowing option is available to eligible U.S. users outside New York through Morpho on Base, with loans advertised at up to $100,000. [18907] [19422]
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Eligible U.S. users outside New York can now use HYPE and ZEC as collateral for USDC loans, so holders of those tokens are the first group that notices the change in practical terms. The feature is available through Morpho on Base, and the borrowing limit shown is up to $100,000.
Before this change, the lending product did not list HYPE and ZEC as collateral assets. What stays the same is that the loans are still tied to Coinbase’s borrowing setup and let users access liquidity without selling the underlying crypto.
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