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Coinbase PAXG-backed USDC borrowing

Story timeline · 3 updates, 6 Nov 2026

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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  1. Coinbase opens PAXG-backed USDC borrowing across US except New York

  2. Coinbase says PAXG-collateralised loans now offered in Canada and US

  3. Morpho says Coinbase users can borrow against tokenised gold

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.