Coinbase lets users borrow USDC against PAX Gold
Coinbase launched instant borrowing of USDC against PAX Gold (PAXG), letting US and Canadian users get liquidity against tokenized gold without selling it. The lending product is powered by Morpho and built on Base, and is available now in the US excluding New York, plus Canada. Coinbase followed its announcement with a legal-disclaimer post reiterating that availability and terms vary by jurisdiction and are subject to eligibility and market conditions.
- Borrowers pledge PAXG as collateral and draw USDC instantly against the position
- Rates are variable and subject to change; loans involve risk, including collateral liquidation, and Coinbase says it doesn't provide tax, legal, or investment advice
- Extends Coinbase's push into tokenized-RWA collateral, pairing onchain commodities with its stablecoin lending rails
- Announced via Coinbase's X account with the tagline "Gold in a vault. Liquidity in your account."
Sources
- Legal stuff: Available now in the US (exc NY). Availability and terms vary by jurisdiction, are subject to eligibility and market conditions. Rates are variable and subject to change. Loans involve risk (incl. collateral liquidation) Coinbase does not provide tax, legal, or Replying to their earlier post: Available in the US (ex. NY). Get started ↓ https://t.co/lCUAyQSHOix.com ↗
- Legal stuff: Available now in the US (exc NY) & Canada. Availability and terms vary by jurisdiction, are subject to eligibility and market conditions. Rates are variable and subject to change. Loans involve risk (incl. collateral liquidation) Coinbase does not provide tax, Replying to their earlier post: Available in the US (ex. NY). Get started ↓ https://t.co/lCUAyQSHOix.com ↗
- Available in the US (ex. NY). Get started ↓ https://t.co/lCUAyQSHOi Replying to their earlier post: Gold in a vault. Liquidity in your account. You can now instantly borrow USDC against PAX Gold (PAXG) on Coinbase. Tokenized gold, backed by the real thing. From crypto to commodities like gold, get…x.com ↗
- Gold in a vault. Liquidity in your account. You can now instantly borrow USDC against PAX Gold (PAXG) on Coinbase. Tokenized gold, backed by the real thing. From crypto to commodities like gold, get instant liquidity without selling. Powered by @morpho, built on @base. https://t.co/S9scgSpb4gx.com ↗
