Coinbase has added Solana as eligible collateral for its crypto-backed lending service, permitting U.S. customers to borrow as much as $100,000 in USDC in opposition to their SOL holdings. Bullish information for Solana.
The mixing was on Might 12, confirming SOL joins Bitcoin and Ethereum as accepted collateral on Coinbase’s non-custodial mortgage product constructed on the Morpho protocol over Base.
The utmost loan-to-value ratio for SOL is ready at 70%. That quantity is the important thing variable; it determines how a lot borrowing energy a holder unlocks, and it units the space to liquidation in a unstable asset.
Holding SOL?
SOL-backed loans are actually obtainable on Coinbase.
Immediately borrow as much as $100K in USDC in opposition to your Solana with out promoting. pic.twitter.com/rfZBZ0KiH6— Coinbase
(@coinbase) Might 12, 2026
In observe: a holder with $10,000 in SOL can draw as much as $7,000 in USDC. Collateral is locked in a sensible contract on-chain.
No reimbursement deadline applies, but when the LTV hits the liquidation threshold, which carries a 4.38% penalty, the place is auto-liquidated, and the remaining collateral is returned.
Borrowed USDC can’t be used for buying and selling on Coinbase straight.
Solana (SOL)24h7d30d1yAll time
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Solana Worth Momentum Makes the mixing Information Timing Deliberate, Breakout to $100 Quickly?
SOL is sitting at $95.69 on the 4h chart, and the value motion since early Might has been essentially the most decisive upside transfer because the February collapse, with worth breaking out of the $82 to $92 vary that had been containing it for weeks and pushing towards the $98 to $100 zone that has been the ceiling since January.
The construction of upper lows from the $77 backside in late February by March and April constructed a strong base, and the breakout that’s now unfolding has actual momentum behind it relatively than wanting like one other fakeout.
The $94 degree is now the speedy help to look at on any pullback, because it marks the breakout zone from the prior vary. Holding that on a retest would affirm the transfer is real and never only a wick into resistance.
Above the present worth, $98 to $100 is the subsequent significant wall, and a clear break there opens the trail towards $106 and $110, the place heavier resistance sits from the January distribution.
What makes this transfer extra fascinating than a mere technical breakout is the Coinbase lending information behind it.
SOL being added because the third main collateral tier after Bitcoin and Ethereum, alongside $2.3 billion in cumulative crypto-backed mortgage originations, means holders with unrealized beneficial properties can now entry liquidity with out promoting, which structurally reduces promote strain whereas demand stays intact.
The long-term pattern restoration remains to be incomplete with worth beneath its 200-day shifting common, however the quick and medium-term setup is essentially the most constructive it has been all 12 months.
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The put up Solana Information: Coinbase Simply Added Solana as Mortgage Collateral Alongside Bitcoin and Ethereum: Is SOL Lastly Getting Its Second? appeared first on Cryptonews.