Aave · Coinbase · Apple · Amazon · The Block
Aave V4 on Base launches Coinbase tokenized stocks as collateral for USDC loans
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★ Tier-1 Source
Coinbase’s tokenized stocks can now be used as collateral for USDC loans on Aave V4 on Base, bringing seven U.S. equities into the decentralized lending protocol’s collateral markets.
Key facts
- The market launches with an initial collateral cap of roughly $29 million across the seven stocks, a $32 million USDC supply cap and a $21 million USDC borrow cap, according to Aave’s risk provider
- Aave said it has processed $3.6 trillion in cumulative deposits and more than $1 trillion in all-time loans
- His comments came a day after the Senate voted 49-50 against advancing the Clarity Act
- Aave's adoption of Coinbase’s Tokenized Stocks powered by Chainlink as official oracle solution marks a major step toward bringing the $150+ trillion global equities market onchain,” Chainlink Chief
Summary
The Equities Hub launched Friday with Coinbase-issued tokenized stocks tracking Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla, according to a statement shared with The Block. Aave said users can deposit the tokenized stocks and borrow USDC against them. “Public equities are one of the largest pools of capital in the world, and tokenization is starting to bring that capital onchain,” Stani Kulechov, founder and CEO of Aave Labs, said in the announcement. “Until now a tokenized stock was something you could hold or trade.