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Morpho Opens Borrowing Against Coinbase's Tokenized Stocks

MonitoringCryptoOtherFirst tracked 2026-09-18Last changed 2026-09-25

Current outcome

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.

Progress timeline

3 material updates
  1. #01
    Initial2026-09-18 14:24 · publication time

    Morpho Opens Borrowing Against Coinbase's Tokenized Stocks

    Morpho now allows holders of five Coinbase tokenized stock tokens to pledge them as collateral for USDC loans on Base.

    Source evidence: The Defiant

  2. #02
    Confirmation2026-09-25 14:00 · publication time

    Aave V4 on Base adds Coinbase tokenized stocks as collateral for USDC loans

    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.

    Source evidence: The Block · TradingView · CryptoRank

  3. #03
    Confirmation2026-09-25 14:44 · publication time

    Aave Adds Coinbase Stock Tokens as Collateral on Base

    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.

    State after update: 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.

    Source evidence: The Defiant · Crowdfund Insider

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