Coinbase Launches PAXG-Collateralized USDC Loans
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AI-assisted source synthesis · not an independent investigation.
On November 9, 2026, Fintech News Singapore reported that Coinbase had integrated Morpho, allowing users to borrow USDC within the Coinbase app using PAXG, the tokenized gold issued by Paxos, as collateral. Morpho has launched a USDC/PAXG market on Base, making PAXG the first non-crypto asset collateral accepted by Coinbase Borrow. The report also said that the integration currently holds approximately $3.4 billion in collateral, with more than $1.7 billion in active loans.
AI-written from reports · updated 11 hours ago
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- Fintech News SingaporeCoinbase partners with Morpho to launch USDC loans collateralized by tokenized gold
Through its integration with Morpho, Coinbase allows users to borrow USDC within the Coinbase app using PAXG, the tokenized gold issued by Paxos, as collateral. Morpho launched a USDC/PAXG market on Base, making PAXG the first non-crypto-asset collateral accepted by Coinbase Borrow; the integration currently holds approximately US$3.4 billion in collateral and more than US$1.7 billion in active loans.
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