Coinbase says PAXG-collateralised borrowing, supported by Morpho, is now available in the US except New York and in Canada. Rates are variable and loans carry liquidation risk, the company says.
Coinbase says PAXG-collateralised loans now offered in Canada and US
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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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Coinbase says PAXG-collateralised loans now offered in Canada and US
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