Coinbase Developer Platform Launches Crypto-Backed USDC Borrow API
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Key Highlights Coinbase Developer Platform announced the launch of Borrow, a feature that allows developers to integrate crypto-backed USDC loans into their applications through CDP Wallets. The product enables end users to open collateralized borrow positions by posting crypto assets and receiving USDC loans. It initially operates through Morpho Blue on Base Mainnet. According to the announcement on September 22, 2026, Borrow is available to users of CDP Smart accounts on Base Mainnet. Supported collateral and loan pairs include cbBTC/USDC, cbXRP/USDC, SOL/USDC, and cbETH/USDC. Introducing Borrow with @CoinbaseDev Wallets, a simple way to bring crypto-backed USDC loans directly into your app. Browse products, open collateralized positions, and manage them over time. Starting with @Morpho Blue on @Base ↓ pic.twitter.com/8q7WzjscMx Developers can use CDP APIs to manage the full lifecycle of a borrow position. This includes browsing available collateral and loan pairs, posting collateral and borrowing in a single atomic transaction, adding or withdrawing collateral, repaying debt or borrowing additional amounts, closing positions atomically, and tracking debt levels, borrow APY, and position health. Each borrow action is executed through the user's smart account as a user operation. This structure allows developers to sponsor gas fees with a paymaster and apply CDP...
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