Coinbase adds PAX Gold as collateral for USDC borrowing
AI summary
Coinbase now lets users borrow USDC using PAX Gold, a gold-backed token, as collateral, expanding its list of accepted collateral assets. Loan-health pricing for the PAXG-backed loans updates only during gold-market hours rather than around the clock. The move broadens DeFi-style borrowing options for tokenized-gold holders, though the limited pricing window could matter for traders managing collateral risk outside gold trading hours.
