Coinbase Launches Feature to Borrow USDC Against PAXG Collateral

November 6: Coinbase posted on X that users can now instantly borrow USDC on Coinbase using tokenized gold PAX Gold (PAXG) as collateral, gaining liquidity without having to sell their assets. The feature is powered by Morpho and built on Base, and is currently available to users in the United States (excluding New York) and Canada.