Aave V4 on Base adds Coinbase tokenized stocks as USDC collateral

Aave V4 on Base now accepts Coinbase-issued tokenized stocks as collateral for USDC loans. The Equities Hub launched Friday. The seven stocks track Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla. The assets are available to eligible non-U.S. users in permitted jurisdictions. Users can deposit the stocks as collateral. Users can borrow USDC against them. The stocks are collateral-only at launch. Chainlink provides onchain pricing through tokenized equity feeds. The initial collateral cap is roughly $29 million across the seven stocks. The USDC supply cap is $32 million. The USDC borrow cap is $21 million. Collateral factors range from 65% to 79%, depending on the stock. Stani Kulechov, founder and CEO of Aave Labs, said tokenization is beginning to bring public-equity capital onchain. Kulechov said institutions come with size and could drive demand for onchain borrowing. Kulechov said tokenization and decentralized finance are no longer a technological challenge. He said the sector's challenge is reaching the market. The Senate voted 49-50 against advancing the Clarity Act. Kulechov said decentralized finance may need to reach enough users that lawmakers address how the sector should be regulated. Aave's Hub and Spoke architecture pools the equity collateral into one market with one USDC reserve. Risk parameters are set separately for each asset. Issues affecting one equity are isolated from other equities. The market operates around the clock. Additional Coinbase tokenized stocks could be added over time. GHO could also become a borrowable asset subject to governance and risk review. Chainlink Chief Business Officer Johann Eid said the integration marks a major step toward bringing the $150 trillion-plus global equities market onchain. Base Head of Growth Antonio García-Martínez said eligible customers outside the U.S. can use the stocks to borrow USDC. García-Martínez said USDC suppliers can earn interest. Aave said it has processed $3.6 trillion in cumulative deposits. Aave said it has issued more than $1 trillion in all-time loans.