Coinbase said in a post on X that users can use jitoSOL, representing staked SOL, to borrow up to 100,000 USDC. The company said users can continue earning staking rewards while borrowing against their position, and that the borrowed funds are available for immediate use. The update points to a borrowing option tied to staked SOL exposure, with Coinbase highlighting both the credit limit and the continued reward accrual. No additional terms, timing details, or product restrictions were disclosed in the brief post cited by ChainCatcher.
According to ChainCatcher, Coinbase said in a post on X that users can use jitoSOL backed by staked SOL to borrow up to 100,000 USDC, keep earning staking rewards, and use the borrowed funds immediately.
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