Coinbase Adds HYPE and ZEC as Collateral for Loans Up to $100,000

This matters less for the two tokens than for the underlying shift: Coinbase is letting users borrow against them through a third-party protocol on its own chain, effectively turning its balance sheet into a distribution channel for onchain credit. Eligibility rules still carve out New York and restrict who qualifies, so the practical reach is narrower than the headline suggests. The open question is whether adding more volatile assets as collateral becomes a routine expansion of this product or stays a limited pilot.