# GMX Makes Its Dollar Vault Eligible as Collateral for Morpho Loans By John Kim Canonical URL: https://www.tokenpost.com/news/business/55004 Published: 2026-11-12T06:10:49.000Z Updated: 2026-11-12T06:10:49.000Z Section: Business > Users can borrow against GLV [USDG] positions. The vault distributes USDG across seven markets and allows withdrawals at any time. GMX has made its Dollar Vault eligible as collateral on Morpho, allowing users to borrow against GLV [USDG] positions. The feature adds a borrowing use to the vault by letting users pledge a position to support a loan. Collateral is an asset pledged to secure a loan. The vault distributes USDG across [seven crypto markets]() and allows withdrawals at any time. Users may earn from trading volume. Paxos launched Global Dollar (USDG) on Arbitrum One on Oct. 6, with Morpho lending and GMX’s vault among the integrations. The [Oct. 6 Arbitrum launch]() also included USDG trading through Fluid and Uniswap, Maple’s syrupUSDG product, and USDG deposit and withdrawal support from Kraken. ## Links in this article - [seven crypto markets](https://www.tokenpost.com/news/business/50928) - [Oct. 6 Arbitrum launch](https://www.tokenpost.com/news/business/27570)