ProductProduct Launch
PAX Gold Launches on Base, Set to Be Collateral in Coinbase Borrow
Paxos' tokenized gold product, PAXG, has officially launched on Coinbase's Layer 2 network, Base, and is integrated as collateral within Coinbase Borrow.
So what
Deploying PAXG on Base significantly expands the accessibility and utility of tokenized commodities within high-throughput Layer 2 DeFi ecosystems. By enabling PAXG as collateral in Coinbase Borrow, the integration bridges centralized retail/institutional lending rails with decentralized asset wrappers, enhancing capital efficiency for holders seeking liquidity without liquidating underlying gold exposure.