Morpho opens USDC lending against five tokenized Coinbase stocks on Base
- —Supported tokens include AAPLc, GOOGLc, NVDAc, METAc, and SPCXc
- —$104,401 in tokenized stocks deposited, $54,652 USDC borrowed
- —Loans grew from $503 to $42,105 in two hours on September 16
- —Borrow rate for Meta reached 17.52% at 97% utilization
Why it matters: Tokenized stocks are becoming collateral in DeFi, providing access to dollars without selling positions, but the market remains small — less than 1% of issuance.
Source: crypto.news