TechFlow News, May 13: According to The Block, Coinbase has added Solana (SOL) support to its on-chain crypto-backed lending product. Users can now borrow up to $100,000 by pledging their SOL holdings via Morpho’s integration on Base. Coinbase stated that since the product’s launch last year, total loan disbursements have exceeded $2.3 billion—of which $2.17 billion was Bitcoin-collateralized loans and approximately $110 million was Ethereum-collateralized loans. Separately, it was reported that Coinbase rolled out this product in the UK last month, further advancing its on-chain financial services strategy.
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