Update
Coinbase Users Can Borrow USDC Against Gold-Backed PAXG
Eligible Coinbase users can now borrow USDC against gold-backed PAXG through Morpho, a lending protocol. The collateral’s price updates during gold-market hours, approximately 23 hours each weekday, and not on weekends. Coinbase has announced that PAXG is now eligible collateral for borrowing USDC stablecoin, extending PAXG beyond Ethereum and Solana to the Coinbase-incubated layer-2 network Base.