With a crypto-backed loan, eligible customers can borrow USDC using their crypto assets as collateral.
Choose between a variable-rate loan or a fixed-rate loan when you set up the loan.
The interest rate and borrowing limits are shown in the Coinbase mobile app.
Loans are limited to $15M.
Stake and borrow with SOL
In the Coinbase mobile app, you can stake and wrap SOL as part of setting up a loan. In the SOL market within Borrow, turn on Stake and borrow to have Coinbase stake your SOL, wrap it into Jito Staked SOL (JitoSOL), and use JitoSOL as collateral.
Toggle off: Your loan uses SOL you already hold as collateral, depending on your holdings.
Toggle on: Coinbase stakes and wraps your SOL into JitoSOL, then uses the JitoSOL as collateral.
Your loan-to-value (LTV) ratio, annual percentage rate (APR), and liquidation threshold reflect the collateral used. SOL and JitoSOL may have different collateral terms. You must meet the standard staking and wrapping eligibility requirements to use Stake and borrow.
Set up a loan on mobile app
Sign in to the Coinbase mobile app and select your cash balance.
Go to Loans and select Borrow.
Follow the prompts.
Select Variable Rate or Fixed Rate.
If you select Fixed Rate, choose a term and review the indicative rate.
If you want to stake and wrap your SOL and borrow against JitoSOL, turn on Stake and borrow.
On the Borrow screen, enter the amount you want to borrow or select Borrow maximum amount.
Select Continue and follow the prompts to authorize the transaction.
Review the loan preview screen, including the processing fee, risk disclosure, and loan total, then select Borrow now.
The borrowed amount will be deposited to your USDC balance once the transaction has been processed.
Set up a loan on web browser
Sign in to your Coinbase.com account and select your cash balance.
Go to the Borrow section and select Get Started.
Go to the New Loans section and select Start.
Select Variable Rate or Fixed Rate.
If you select Fixed Rate, choose a term and review the indicative rate.
Review the borrowing details then select Continue.
Review additional borrowing details and select Next.
On the Borrow screen, enter the amount you want to borrow or select Max.
Select Review Loan and follow the prompts to authorize the transaction.
Review the loan preview screen, including the processing fee, risk disclosure, and loan total, then select Borrow Now.
The borrowed amount will be deposited to your USDC balance once the transaction has been processed.
Loan management
You can view your loan details (including loan health), make payments, add collateral, and manage related notifications from the loan management page in the mobile app.
Sign in to the Coinbase mobile app.
From the My assets tab, select the asset you’re using for collateral.
Go to Collateral and select your collateral balance to open the loan management page.
Opt in or out of fixed-to-variable conversion
Opt in to have your fixed-rate loan automatically converted to variable rate 6 hours before maturity, avoiding liquidation.
To opt in, select the rollover date from the loan management page, then select Rollover at maturity.
You'll receive a confirmation, along with your new APR, and the conversion appears in your loan's transaction history.
Conversion is subject to loan health and isn't guaranteed if the variable-rate market doesn't have enough liquidity at the time of maturity.
To opt out, select the rollover date from the loan management page, then select Don't roll over at maturity.
Opting out means your fixed-rate loan becomes eligible for liquidation if it isn't repaid by maturity.