Coinbase's new lending feature is available across the US except New York, letting users borrow USDC against tokenized gold rather than selling holdings. The service is powered by Morpho and built on Base, Coinbase's network. Loans are variable-rate and subject to change; availability and terms vary by jurisdiction and depend on eligibility and market conditions. The company notes loans involve risk, including collateral liquidation, and states it does not provide tax, legal, or investment advice, advising users to consult their own advisors.

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