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Coinbase Launches USDC Borrowing With PAX Gold as Collateral
(2 hours ago) · 1 source · Summarized by CryptoBipto
Coinbase has introduced a new feature allowing users to borrow USDC stablecoins by putting up PAX Gold (PAXG) tokens as collateral. PAX Gold is a tokenized form of physical gold, where each token represents one troy ounce of gold held in custody. This move expands the lending options available on the Coinbase platform.
WHY IT MATTERS
Think of this like a pawnshop, but digital.
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SOURCES
- thedefiant.io
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USDCPAXGLendingStablecoinsTokenized AssetsCoinbaseDeFi
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