Morpho says Coinbase app users can take out Morpho-powered loans backed by Paxos tokenised gold on the Base network, borrowing stablecoin liquidity without leaving the app.
The story so far: Coinbase PAXG-backed USDC borrowing
Coinbase opened PAXG-backed USDC borrowing for users in the US outside New York. It now says the Morpho-supported service is also available in Canada, with variable rates and liquidation risk, and Morpho says Coinbase app users can borrow against Paxos tokenised gold on Base.
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Morpho says Coinbase users can borrow against tokenised gold
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