Back to news
Adoption
Coinbase Now Accepts Tokenized Gold as Collateral for Loans
(3 hours ago) · 1 source · Summarized by CryptoBipto
Coinbase has begun accepting tokenized gold as collateral for loans on its platform. The price feed used to value the gold collateral reportedly does not update on weekends, which could affect how collateral is managed during those periods.
WHY IT MATTERS
Think of tokenized gold like a digital receipt that proves you own real gold stored in a vault somewhere.
Read the full analysis with a CryptoBipto membership
Members read why every story matters and the full analysis behind it.
SOURCES
- cryptoslate.com
RELATED
Tokenized AssetsReal-World AssetsCrypto LendingCoinbasePrice Oracles
Learn the concepts behind this
Clear explanations of the subjects this article touches, with every term defined.
- What are stablecoins, NFTs and tokenized assets?What stablecoins are and how they hold a steady value, what an NFT represents, and what it means to tokenize a real-world asset.
- How do you buy cryptocurrency safely?How crypto exchanges, verification, on-ramps and order types work, so you understand each step of a first purchase before you make one.