How to borrow stablecoins against your crypto
A step-by-step look at borrowing USDC against crypto collateral on Base: what you need, the steps, and the risks.
Borrowing a stablecoin against crypto lets you access dollars without selling. Here's the shape of it, and how Skope makes it a single flow that ends in a spendable card.
What you need
- Crypto on Base that's supported as collateral (e.g. cbBTC, WETH, wstETH).
- A little ETH on Base for gas, since borrowing is an on-chain transaction you sign.
- A target amount; Skope borrows only what you need after applying any USDC you already hold.
The steps
- Pick the collateral asset and the card amount.
- Skope sizes a conservative loan and shows the rate, collateral required, and resulting health factor.
- Approve and submit, and collateral is supplied while USDC is borrowed in one atomic transaction.
- The borrowed USDC funds your virtual card.
The risks
Borrowing is over-collateralized and can be liquidated if your collateral falls in value; the borrow rate is variable. Repay anytime to free your collateral. This is general information, not financial advice.
Frequently asked questions
- Can I repay early?
- Yes. You can repay the loan at any time and then withdraw your collateral. Skope surfaces repay and withdraw actions for your positions.
- Do I keep my crypto?
- Your collateral stays in your own position while the loan is open and is returned when you repay. You keep exposure to its price.
Borrowing is over-collateralized and carries risk: if your collateral's value falls, your position can be liquidated. Rates shown are variable and update with the market. Skope is non-custodial and never holds your funds. This page is for general information only and is not financial, investment, tax, or legal advice.