Fintech News Singapore

Coinbase Taps Morpho to Offer Gold-Backed USDC Loans

Coinbase has added tokenised gold as collateral for its crypto-backed loans. PAX Gold (PAXG) is the first non-crypto asset that Coinbase Borrow accepts, alongside bitcoin, ether, XRP and solana. Coinbase users can borrow stablecoins against their tokenised gold without leaving the Coinbase app. The offering introduces a USDC/PAXG market on Morpho, which operates on Base, [...] The post Coinbase Taps Morpho to Offer Gold-Backed USDC Loans appeared first on Fintech Singapore.

By Fintech News Singapore

1 min read
Coinbase Taps Morpho to Offer Gold-Backed USDC Loans
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