Aave Unlocks $29M in DeFi Borrowing with Coinbase Tokenized Stocks

Aave's Equities Hub has gone live on Base, allowing users to borrow USDC against shares of major tech companies like Apple and Tesla.

The hub currently supports seven tokenized stocks from Coinbase: AAPLc, AMZNc, GOOGLc, METAc, MSFTc, NVDAc, and TSLAc.

The amount of USDC that can be borrowed depends on the stock's collateral factor, which ranges from 65% to 79% depending on the company.

Chainlink supplies the market data used to value collateral across the Equities Hub, but prices are paused during weekends and US market holidays until traditional trading resumes.