Paxos launched its gold-backed PAXG token on Base on Nov. 6, extending it beyond Ethereum and Solana. Coinbase lists PAXG as eligible collateral for USDC loans. Morpho said borrowing against PAXG was live in Coinbase’s app, but Paxos described Coinbase Borrow integrations as expected in the weeks ahead, subject to availability.
Access depends on customer eligibility and available loan options; Paxos says PAXG is unavailable to EU residents. Coinbase has not specified PAXG borrowing caps or rates on its public Borrow page. Coinbase says its PAXG collateral prices update during gold-market hours, about 23 hours per weekday, and pause when those markets close, including weekends. Borrowing adds debt and liquidation risk, and collateral can be liquidated even with optional top-up protection enabled.
