Coinbase Adds HYPE and ZEC to Crypto-Backed Lending Service

Coinbase has expanded its crypto-backed loan product to include HYPE and ZEC as collateral, allowing eligible US users to borrow up to $100,000 in USDC. The service, which operates via the Morpho lending protocol, maintains a maximum loan-to-value ratio of 49% and a liquidation threshold of 62.5%. This expansion follows the September 1 launch of wrapped tokens cbHYPE and cbZEC on the Base network, which facilitated the integration of these assets into Coinbase's lending infrastructure. Since its inception, the lending product has processed between $1.9 billion and $3 billion in cumulative USDC loan originations.