Coinbase supports borrowing USDC with PAXG as collateral
Original headlineCoinbase 支持以 PAXG 抵押借入 USDC
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Coinbase has enabled instant USDC borrowing against PAX Gold (PAXG) collateral, letting users access liquidity without selling their tokenized gold. The lending feature is powered by Morpho and built on Base. It matters because it deepens the utility of tokenized real-world assets on a major U.S. exchange and expands onchain credit markets. Watch for adoption of PAXG as collateral, borrowing demand for USDC on Base, and whether Coinbase adds more tokenized-asset collateral options.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Coinbase (COIN), PAX Gold, USDC, Morpho (MORPHO), Base
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