BlockchainCrypto

Coinbase Enables Borrowing Against Gold via Morpho

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 07/11/2026, 04:53:26 UTC.

Briefings

Coinbase launched a new borrowing feature allowing eligible U.S. users to borrow USDC against Paxos' tokenized gold (PAXG) on the Base blockchain. This marks Coinbase's first non-crypto collateral product, enabling users to convert physical gold into digital assets for lending purposes. The feature was launched in November 2026, and while it expands access to gold-backed assets, specific borrowing rates and minimum collateral requirements remain undefined in the provided evidence.

Key points

• Coinbase launched a new borrowing feature allowing eligible U.S. users to borrow USDC against Paxos' tokenized gold (PAXG) on the Base blockchain.
• This is Coinbase's first non-crypto collateral product, enabling users to convert physical gold into digital assets for lending purposes.

Context

Coinbase introduced this feature in November 2026 to expand access to gold-backed assets. It represents a significant expansion of the platform's lending capabilities beyond traditional crypto collateral.

Limitations

The provided evidence does not specify borrowing rates, minimum collateral requirements, or specific eligibility criteria beyond U.S. residency. The exact date of the launch is November 2026, but the evidence does not confirm if this is the first or second such product.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 07/11/2026, 11:57:09 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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