A post by @coinbase on X.
Gold in a vault. Liquidity in your account.
@coinbase on X
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Coinbase now lets users borrow USDC instantly against PAX Gold (PAXG) as collateral, without selling their tokenized gold holdings. The lending product runs on Morpho, a decentralized lending protocol, and is built on Coinbase's Base network. PAXG is backed by physical gold, giving users a way to tap liquidity from a commodity position rather than a crypto one. The move expands Coinbase's onchain credit offerings beyond crypto collateral and deepens its integration with Morpho and Base. What to watch next is whether other tokenized real-world assets get similar borrowing support and how much USDC liquidity the PAXG market attracts.
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Named in this story
Coinbase (COIN), PAX Gold, USDC, Morpho (MORPHO), Base
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