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Coinbase now lets US users borrow USDC using tokenized gold (PAXG) as collateral.

Protocol Fundamentals
09 Nov 2026, 13:30 WIB
Blockonomi
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Bullish
Coinbase now lets US users borrow USDC using tokenized gold (PAXG) as collateral.

Coinbase has introduced a new feature allowing eligible US users to borrow USDC stablecoins by pledging PAX Gold (PAXG), a tokenized gold asset, as collateral within the Coinbase app. This is the first time Coinbase Borrow accepts a non-crypto asset, expanding beyond cryptocurrencies like bitcoin and ether. The loans operate on Morpho's onchain lending network built on Coinbase's Base blockchain, leveraging an existing integration that manages billions in collateral and active loans. This move taps into the large $30 trillion gold market, though only a small fraction is tokenized, potentially increasing demand for tokenized gold as a borrowing asset.

Coinbase's new tokenized gold collateral feature is context for readers. For those tracking major cryptocurrencies on Pluang, 10 of 50 rose and 39 fell as of Nov 09, 2026 18:02 WIB. Ethereum was Rp38.057.127 with a -5.85% change and 64% buy order activity; Algorand was Rp1.642 with -4.65% change and 73% sell activity; Uniswap was Rp121.411 with -4.49% change and 93% sell activity.

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