Coinbase has expanded its crypto-backed lending service to include Ripple’s XRP, Cardano’s ADA, Dogecoin, and Litecoin, allowing U.S. customers outside New York to borrow up to $100,000 in USDC against these tokens. The relaunched Borrow service enables users to access liquidity without selling their cryptocurrency holdings. While such institutional backing can boost an asset’s profile, the newly supported tokens saw no immediate price pump amid broader market declines.
Coinbase has broadened its crypto-backed loan offerings, now supporting Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), and Litecoin (LTC). The service, available to U.S. residents except those in New York, lets users borrow up to $100,000 in USDC instantly against these assets. “Now you can unlock the value of your portfolio without giving up your position,” the company stated in its official announcement.
The exchange originally launched Coinbase Borrow in 2021, discontinued it, and then relaunched the product at the start of 2025. Previously, clients could borrow up to $5 million against Bitcoin (BTC) and up to $1 million against Ethereum (ETH).
Historically, price pumps often occur right after Coinbase lists a token or reveals plans to do so. Last summer, assets like SPX6900 and AWE Network saw double-digit gains following their inclusion on the exchange’s roadmap. Conversely, tokens like Muse Dao have tumbled after being delisted from the platform.
Despite the new support, XRP, ADA, DOGE, and LTC continued trading lower, reflecting prevailing bearish market conditions. The exchange has also been active in listing new tokens for trading, recently adding RaveDAO (RAVE), Walrus (WAL), AZTEC, and Espresso (ESP).
Among these newly listed assets, RAVE has sustained gains and trades around $0.44, representing a 25% weekly increase, according to CoinGecko data. WAL, AZTEC, and ESP initially rose but later retreated in price.
