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 towards their SOL holdings. Bullish information for Solana.
The mixing was on Could 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 about at 70%. That quantity is the important thing variable; it determines how a lot borrowing energy a holder unlocks, and it units the gap to liquidation in a risky asset.
Holding SOL?
SOL-backed loans are actually out there on Coinbase.
Immediately borrow as much as $100K in USDC towards your Solana with out promoting. pic.twitter.com/rfZBZ0KiH6— Coinbase
(@coinbase) Could 12, 2026
In apply: 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 instantly.
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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 worth motion since early Could 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 means of 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 fast assist to look at on any pullback, because it marks the breakout zone from the prior vary. Holding that on a retest would verify the transfer is real and never only a wick into resistance.
Above the present worth, $98 to $100 is the following 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 positive factors can now entry liquidity with out promoting, which structurally reduces promote stress whereas demand stays intact.
The long-term development restoration continues 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 yr.
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The submit Solana Information: Coinbase Simply Added Solana as Mortgage Collateral Alongside Bitcoin and Ethereum: Is SOL Lastly Getting Its Second? appeared first on Cryptonews.