{ "version": 1, "event_id": "evt_f2f495c2aee90d54", "url": "https://xiyu.news/events/evt_f2f495c2aee90d54/", "json": "https://xiyu.news/api/events/evt_f2f495c2aee90d54.json", "type": "other", "status": "monitoring", "category": "crypto", "title": { "zh": "Aave V4 与 Morpho 在 Base 上接受 Coinbase 代币化股票作为 USDC 贷款抵押品", "en": "Morpho Opens Borrowing Against Coinbase's Tokenized Stocks" }, "current_state": { "zh": "Aave V4 在 Base 上接受七种 Coinbase 股票代币作为 USDC 贷款的抵押品，借款上限为 2100 万 USDC，且仅限符合条件的非美国投资者。", "en": "Aave V4 on Base accepts seven Coinbase stock tokens as collateral for USDC loans, with a 21 million USDC borrowing cap and access limited to eligible non-US investors." }, "first_seen_at": "2026-09-18T16:37:32.401713+00:00", "last_updated_at": "2026-09-28T19:47:00.063782+00:00", "last_material_change_at": "2026-09-25T17:25:20.358888+00:00", "confidence": 0.75, "updates_count": 3, "sources_count": 6, "entities": [ "aave", "adds", "against", "base", "borrowing", "coinbase", "collateral", "morpho", "opens", "stock", "stocks", "tokenized", "tokenized-stocks", "tokens", "usdc" ], "identifiers": [], "topics": [ "aave", "base", "coinbase", "defi-lending", "morpho", "rwa", "tokenized-stocks" ], "updates": [ { "update_id": "upd_cd43242dcfaf5c12", "event_id": "evt_f2f495c2aee90d54", "occurred_at": "2026-09-18T14:24:02Z", "published_at": "2026-09-18T14:24:02Z", "first_seen_at": "2026-09-18T16:37:32.401713Z", "time_precision": "published", "update_type": "initial", "material_change": true, "title_zh": "Morpho 开放以 Coinbase 代币化股票为抵押的借贷", "title_en": "Morpho Opens Borrowing Against Coinbase's Tokenized Stocks", "what_changed_zh": "Morpho 现允许五种 Coinbase 代币化股票代币的持有者在 Base 上将其作为抵押品借入 USDC。", "what_changed_en": "Morpho now allows holders of five Coinbase tokenized stock tokens to pledge them as collateral for USDC loans on Base.", "current_state_zh": "Morpho 现允许五种 Coinbase 代币化股票代币的持有者在 Base 上将其作为抵押品借入 USDC。", "current_state_en": "Morpho now allows holders of five Coinbase tokenized stock tokens to pledge them as collateral for USDC loans on Base.", "detailed_summary_zh": "Morpho now allows holders of five Coinbase tokenized stock tokens to pledge them as collateral for USDC loans on Base.", "detailed_summary_en": "Morpho now allows holders of five Coinbase tokenized stock tokens to pledge them as collateral for USDC loans on Base.", "background_zh": "", "background_en": "", "community_discussion_zh": "", "community_discussion_en": "", "market_impact_zh": "", "market_impact_en": "", "importance_score": 7.0, "references": [], "confidence": 0.75, "story_ids": [ "rss:thedefiant.io_api_feed:00c8c30d6b2468f8" ], "sources": [ { "url": "https://thedefiant.io/news/defi/morpho-coinbase-tokenized-stocks-borrowing-base", "label": "The Defiant", "source_type": "rss", "official": false } ] }, { "update_id": "upd_8719abc892c69ada", "event_id": "evt_f2f495c2aee90d54", "occurred_at": "2026-09-25T14:00:00Z", "published_at": "2026-09-25T14:00:00Z", "first_seen_at": "2026-09-25T17:25:15.548757Z", "time_precision": "published", "update_type": "confirmation", "material_change": true, "title_zh": "苹果与英伟达的代币化股票现可在 Aave 上作为 USDC 贷款的抵押品", "title_en": "Aave V4 on Base adds Coinbase tokenized stocks as collateral for USDC loans", "what_changed_zh": "代币化的苹果与英伟达股票现可作为抵押品，在 Aave 借贷协议上借入 USDC。此举将现实世界资产（RWA）抵押品引入 DeFi 信贷市场，在 Aave 上形成了以股票为抵押的借贷产品。\n\n此举使一家主流 DeFi 借贷协议接受的抵押品范围从加密原生资产扩展到代币化股票，首次以这种形式将股票敞口与链上信贷连接起来。", "what_changed_en": "Aave V4 on Base now accepts Coinbase-issued tokenized stocks — including Apple, Nvidia and Tesla — as collateral for USDC loans for non-U.S. users.", "current_state_zh": "代币化的苹果与英伟达股票现可作为抵押品，在 Aave 借贷协议上借入 USDC。此举将现实世界资产（RWA）抵押品引入 DeFi 信贷市场，在 Aave 上形成了以股票为抵押的借贷产品。\n\n此举使一家主流 DeFi 借贷协议接受的抵押品范围从加密原生资产扩展到代币化股票，首次以这种形式将股票敞口与链上信贷连接起来。", "current_state_en": "Aave V4 on Base now accepts Coinbase-issued tokenized stocks — including Apple, Nvidia and Tesla — as collateral for USDC loans for non-U.S. users.", "detailed_summary_zh": "Aave V4 on Base now accepts Coinbase-issued tokenized stocks — including Apple, Nvidia and Tesla — as collateral for USDC loans for non-U.S. users.", "detailed_summary_en": "Aave V4 on Base now accepts Coinbase-issued tokenized stocks — including Apple, Nvidia and Tesla — as collateral for USDC loans for non-U.S. users.", "background_zh": "Aave 是一个去中心化、非托管的流动性协议，用户可存入资产赚取利息，或以抵押品借入资产，其治理代币为 AAVE。代币化证券——即以区块链上的加密资产形式表示的股票、债券或基金权益——在链上市场中的占比不断上升。USDC 是由 Circle 发行的全额储备稳定币，设计目标是维持与美元等值。", "background_en": "Aave is a decentralized, non-custodial liquidity protocol where users supply assets to earn interest or borrow against collateral, and its governance token is AAVE. Tokenized securities — such as stocks, bonds or fund interests represented as a crypto asset on a blockchain — have become a growing part of onchain markets. USDC is a fully reserved stablecoin issued by Circle that is designed to maintain a value equivalent to the US dollar.", "community_discussion_zh": "", "community_discussion_en": "", "market_impact_zh": "这一变化直接影响 Aave 的借贷市场：在支撑 USDC 借款的抵押品集合中新增了代币化股票敞口，并通过抵押品资格与链上信贷渠道，牵动更广泛的 RWA 与代币化股票板块。对 AAVE 治理代币情绪或 USDC 借款需求的实际影响，取决于这些代币化股票真正被用作抵押品的规模。", "market_impact_en": "The change affects Aave's lending markets directly, adding tokenized equity exposure to the collateral set that supports USDC borrowing, and it touches the wider RWA and tokenized-equity segment through collateral eligibility and onchain credit channels. Any effect on AAVE governance token sentiment or on USDC borrowing demand depends on how much of these tokenized stocks is actually supplied as collateral.", "importance_score": 7.5, "references": [ { "url": "https://volity.io/crypto/aave/", "title": "Aave Protocol: V4 Architecture, DeFi, and GHO Stablecoin" }, { "url": "https://www.investor.gov/introduction-investing/investing-basics/investment-products/tokenized-securities", "title": "Tokenized Securities | Investor.gov" }, { "url": "https://www.circle.com/usdc", "title": "USDC | Powering global finance. Issued by Circle." } ], "confidence": 0.75, "story_ids": [ "rss:www.theblock.co_rss.xml:1618a38b33688856", "google_news:article:9f9a0d20da51db93", "google_news:article:34a5d38c78a9f7a2" ], "sources": [ { "url": "https://www.theblock.co/news/defi/2026-09-25-aave-v4-on-base-adds-coinbase-tokenized-stocks-as-collateral-for-usdc-loans-416372", "label": "The Block", "source_type": "rss", "official": false }, { "url": "https://news.google.com/rss/articles/CBMiwAFBVV95cUxNaFBUUkdwUVQ0NlB6TE16MUc0YTVUMDFiaEY3NWVja2liOXZaTk9CVGRReWJCekRveUxWWU80Sl9EeHQ1Ym10azNkejdVb1VIbmRYd0RlejVqVDNXN3VjN3B0V01zUDlDVWJNTVY5ZWNnc2VKUUwwYlp1eU51S1hCdzNPTnpnVjdlZ2RXWEFCY0dHbUx4akdSUHJrcUN1aEVSU1hwejdPc2JVXzlnWi11YVZuMkdaQVdGZEJHSWdoZDk?oc=5", "label": "TradingView", "source_type": "google_news", "official": false }, { "url": "https://news.google.com/rss/articles/CBMipgFBVV95cUxNT2ZhVG5LOXVYRVIzSTVFZkJtaVZSWVpBRThzOTZETXJMQXRwX1M5RE5HdlBBSFNaYTJQU1BWZ2JFQzl1MHBoZUhROENkWmVRcWs1Y3ExQm5YWHJzUFBTUnhPZHI5Unp0M2dxQlQtZVk2VUVqbkM2YUxUYTdObnJvZnRfZnMwTlpuWkIyV1pEcXl5WW5tU3BicXRlZ24tc1kzUU1XZ3Jn?oc=5", "label": "CryptoRank", "source_type": "google_news", "official": false } ] }, { "update_id": "upd_9086d6fdc7fe8bfa", "event_id": "evt_f2f495c2aee90d54", "occurred_at": "2026-09-25T14:44:07Z", "published_at": "2026-09-25T14:44:07Z", "first_seen_at": "2026-09-25T17:25:20.358888Z", "time_precision": "published", "update_type": "confirmation", "material_change": true, "title_zh": "Aave 在 Base 上新增 Coinbase 股票代币作为抵押品", "title_en": "Aave Adds Coinbase Stock Tokens as Collateral on Base", "what_changed_zh": "新增细节：Aave V4 在 Base 上启用七种 Coinbase 发行的股票代币作为抵押品，USDC 借款上限为 2100 万，且访问仅限符合条件的非美国投资者。", "what_changed_en": "Added details: Aave V4 on Base enabled seven Coinbase-issued stock tokens as collateral, with a 21 million USDC borrowing cap, access limited to eligible non-US investors.", "current_state_zh": "Aave V4 在 Base 上接受七种 Coinbase 股票代币作为 USDC 贷款的抵押品，借款上限为 2100 万 USDC，且仅限符合条件的非美国投资者。", "current_state_en": "Aave V4 on Base accepts seven Coinbase stock tokens as collateral for USDC loans, with a 21 million USDC borrowing cap and access limited to eligible non-US investors.", "detailed_summary_zh": "Aave has enabled seven Coinbase-issued stock tokens as collateral for USDC loans in a dedicated V4 market on Base, with a 21 million USDC borrowing cap and access restricted to eligible non-US investors.", "detailed_summary_en": "Aave has enabled seven Coinbase-issued stock tokens as collateral for USDC loans in a dedicated V4 market on Base, with a 21 million USDC borrowing cap and access restricted to eligible non-US investors.", "background_zh": "Aave 是规模最大的 DeFi 借贷协议之一，其 V4 版本自上线以来存款增长迅速：8 月初存款不足 3.4 亿美元，到 9 月初升至约 5.77 亿美元，随后突破 10 亿美元。Base 是由 Coinbase 构建的以太坊二层网络，采用 OP Stack，并结算于以太坊主网。代币化股票是旨在代表传统股票经济敞口的区块链数字资产。", "background_en": "Aave is one of the largest DeFi lending protocols, and its V4 deployment has drawn deposits quickly since launch: deposits sat below $340 million at the start of August and climbed to roughly $577 million by early September before surpassing $1 billion. Base is a Coinbase-built Ethereum layer-2 that uses the OP Stack and settles on Ethereum. Tokenized stocks are blockchain-based digital assets designed to represent economic exposure to traditional shares.", "community_discussion_zh": "", "community_discussion_en": "", "market_impact_zh": "这一变化在 Coinbase 的代币化股票产品与 Base 上的 DeFi 信贷之间建立了直接通道：代币化股票抵押品可支撑新的 USDC 借款需求，并改变 Aave V4 的 Base 市场中的资金利用率，同时也使该市场的风险状况与股票价格波动挂钩。由于借款上限为 2100 万 USDC 且仅限非美国投资者，其对 DeFi 流动性的即时影响范围有限。", "market_impact_en": "The change creates a direct channel between Coinbase's tokenized-equity product and DeFi credit on Base: tokenized stock collateral can support new USDC borrowing demand and shift utilization in Aave V4's Base market, while also tying that market's risk profile to equity price moves. Because borrowing is capped at 21 million USDC and limited to non-US investors, the immediate footprint on DeFi liquidity is bounded.", "importance_score": 7.5, "references": [ { "url": "https://thecurrencyanalytics.com/defi/aave-v4-lets-non-u-s-users-borrow-usdc-against-apple-nvidia-and-tesla-shares-297153", "title": "Aave V4 Lets Non-U.S. Users Borrow USDC... | The Currency analytics" }, { "url": "https://cryptobriefing.com/aave-v4-deposits-surpass-1b/", "title": "AAVE v4 deposits surpass $1B, doubling in a month" }, { "url": "https://www.gemini.com/cryptopedia/what-are-tokenized-stocks-and-how-do-they-work", "title": "What Are Tokenized Stocks and How Do They Work? | Gemini" }, { "url": "https://aave.com/blog/coinbase-tokenized-stocks", "title": "Coinbase Tokenized Stocks Now Live on Aave V4 | Aave" }, { "url": "https://www.bitrue.com/blog/coinbase-tokenized-stocks-explained", "title": "Coinbase Tokenized Stocks Explained" } ], "confidence": 0.95, "story_ids": [ "rss:thedefiant.io_api_feed:58bc2a7386745d38", "google_news:article:92c3db281cc9dbea" ], "sources": [ { "url": "https://thedefiant.io/news/defi/aave-adds-coinbase-stock-tokens-as-collateral-on-base", "label": "The Defiant", "source_type": "rss", "official": false }, { "url": "https://www.crowdfundinsider.com/2026/09/313183-coinbase-tokenized-stocks-become-collateral-on-aave-v4-base/", "label": "Crowdfund Insider", "source_type": "google_news", "official": false } ] } ] }