Wu has learned that Coinbase has announced it now supports users borrowing the stablecoin USDC directly using its gold-backed token PAX Gold (PAXG) as collateral, without having to sell their existing gold holdings. The service is built on the Base network and powered by the DeFi lending protocol Morpho. Coinbase stated that the service is available to eligible users in the United States (excluding New York State) and Canada, with specific eligibility and terms varying by jurisdiction. https://www.(wublock123.com)/news/coinbase-launches-paxg-collateralized-loans-borrow-gold-usdc-71500