Coinbase Opens USDC Borrowing Against PAX Gold
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Coinbase has added PAX Gold (PAXG) as a collateral asset for USDC borrowing on its platform, letting users pledge the gold-backed token against stablecoin loans. The addition expands Coinbase's collateral menu beyond crypto assets, though loan-health pricing for PAXG positions updates only during gold-market hours rather than around the clock. The move matters because it links tokenized gold—a real-world asset—into onchain credit markets, potentially broadening demand for both PAXG and USDC. Traders should watch whether other venues follow with gold-backed collateral and whether the restricted pricing window affects liquidation risk during off-hours volatility.
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Coinbase (COIN), PAX Gold, USDC
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