Borrow against cbXRP
Teller pools on Base accept cbXRP, Coinbase Wrapped XRP, as collateral at up to 28.6% LTV, lending USDC at 25% APR. The XRP Ledger hosts no lending pools, so a wrapper on Base is how XRP holders borrow. Every loan is fixed-term with no margin-call, so a price fall during the loan cannot liquidate your collateral.
| Collateral | Network | LTV | APR |
|---|---|---|---|
| cbXRP | Base | 28.6% | 25% |
Pool data read . Rates and LTVs are set per pool and change when operators change them.
How XRP holders borrow at all
The XRP Ledger runs no general smart contracts, so it hosts no lending pools. An XRP holder who wants dollars without selling has to move the exposure to a chain that does, and cbBTC’s sibling is how that works on Base: Coinbase holds XRP and issues cbXRP against it one for one.
Teller pools then treat it like any other ERC-20 collateral, at 28.6% LTV and 25% APR. That path is what this page covers: the answer to “can I borrow against XRP” is otherwise no.
The LTV is lower, and deliberately
28.6% sits well under what the same pools give bitcoin or ether. XRP carries regulatory history that the majors do not, and a wrapper with one issuer concentrates that risk rather than spreading it. Pool operators price both into the collateral ratio.
In practice the ceiling in the table is what a given holding supports. Size the loan against the due date rather than the ceiling.
cbXRP specifics
The token sits at 0xcb585250f852c6c6bf90434ab21a00f02833a4af on Base and carries 6 decimals, matching the drop, XRP’s own smallest unit. Coinbase account holders convert between XRP and cbXRP inside the app; everyone else buys it on Base directly. The issuer is a counterparty to your loan alongside the pool.
Base gas keeps the whole sequence to cents, which matters when the loan is a few thousand dollars rather than six figures.
What the loan does
Deposit cbXRP, receive USDC, repay or roll on the due date. Rate, LTV and the roll window lock at the start. XRP moving hard in either direction during the term changes nothing about what you owe, because a fixed-term pool has no liquidation threshold to cross. Miss the due date and the collateral is forfeit.
Comparing wrappers? cbBTC works the same way and currently borrows far cheaper.
Frequently asked questions
Not on the XRP Ledger, which runs no general smart contracts and therefore hosts no lending pools. Wrapping XRP as cbXRP on Base moves the exposure to a chain where Teller pools can hold it as collateral.
Coinbase Wrapped XRP, an ERC-20 on Base backed one for one by XRP that Coinbase holds. It carries 6 decimals, matching the drop, which is XRP's own smallest unit.
Pool operators set collateral ratios per asset. XRP carries regulatory history the majors do not, and a single-issuer wrapper concentrates that risk, so the ceiling comes down accordingly.
Nothing happens to the loan. The term is fixed and the pool carries no liquidation threshold during it, so neither a rally nor a drawdown changes what you owe on the due date.
No. Borrowing takes a wallet signature. An account only helps if you want to convert between XRP and cbXRP one for one rather than buying the wrapped token on Base.
Open a loan
Connect a wallet, deposit your collateral, and borrow a stablecoin. No credit check, no application.
Go to the borrow tab →No collateral to pledge? Check whether you pre-qualify for a no-collateral personal loan. Soft check, no hard pull.