PAXOS · 2026-11-06 16:00 UTC

PAXG Launches on Base, Bringing Regulated Gold to Borrowers on Coinbase

PAXG, a gold token backed one-to-one by physical gold in LBMA-accredited vaults, is now live on Base, the Layer 2 network incubated by Coinbase. PAXG is set to become the first non-crypto collateral asset in Coinbase Borrow, an onchain lending product powered by Morpho, with that integration expected in the weeks ahead. The article says PAXG charges no storage or insurance fees, settles in seconds onchain, and can be redeemed for physical gold bars (minimum 430 PAXG), unallocated gold, or cash.

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