Coinbase lets users borrow USDC instantly against PAX Gold

Borrowers pledge PAXG and receive USDC without selling gold exposure.

PAXG is backed 1:1 by one fine troy ounce in London LBMA vaults.

First reported Nov 6, 2026, 15:38 UTC

Source reports

COINBASE ENABLES USDC BORROWING AGAINST PAX GOLD, POWERED BY MORPHO SOURCE — Rickler Feed, Nov 6, 2026, 15:38 UTC
Coinbase Adds PAX Gold Collateral for USDC Loans Coinbase now lets eligible US customers borrow $USDC against $PAXG. The gold-backed loans carry variable rates and liquidation risk, with New York excluded. https://defiprime.com/coinbase-paxg-gold-backed-usdc-loans — Закрепи.sender, Nov 6, 2026, 16:35 UTC
Coinbase lets you borrow USDC against PAX Gold via Morpho on Base Source — ahboyashreads, Nov 6, 2026, 17:52 UTC
Coinbase lets you borrow USDC against PAX Gold via Morpho on Base Source — Rickler Feed, Nov 6, 2026, 17:52 UTC

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