Coinbase Borrow adds gold as collateral, letting eligible US users borrow USDC against PAXG through a Morpho market on Base

Coinbase users can now take a USDC loan backed by tokenized gold, the first non-crypto collateral in Coinbase Borrow, using Morpho's onchain lending on the Base layer 2.

More: Bankless

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Topics: Stablecoins · Tokenization · Morpho · Finance on Ethereum · Layer 2s

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