Coinbase Adds SOL-Backed Loans — Borrow Up to $100K Without Selling Your Solana

The move gives SOL holders a way to access liquidity while staying exposed to potential price upside. Instead of cashing out, users can pledge their Solana, receive USDC, and repay the loan on their own timeline.

This follows Coinbase's earlier Bitcoin-backed loan offering and signals the exchange's push to make crypto collateral lending a mainstream financial tool. For long-term Solana believers, it's a way to put idle holdings to work without triggering a taxable event.