Tokenized gold can now back a Coinbase loan. The price feed takes weekends off
Summary
Paxos launched its gold-backed PAXG token on Base, expanding beyond Ethereum and Solana. Each token represents one troy ounce of vaulted gold and can be held fractionally. Coinbase users can borrow USDC against PAXG through a Morpho lending market on Base, though Paxos described the Coinbase Borrow integration as forthcoming while Morpho said it was live. Access depends on customer eligibility and available loan options; PAXG is unavailable to EU residents. Public details on PAXG-specific rates and borrowing caps remain undisclosed. Coinbase warns that gold collateral pricing pauses outside market hours and that loans can be automatically liquidated if their loan-to-value ratio reaches the applicable threshold.
