Coinbase Stock Tokens Gain DeFi Lifeline with Aave Integration

Coinbase has launched tokenized versions of seven U.S. tech stocks on Aave's Base deployment, allowing eligible non-U.S. users to borrow USDC against these tokens as collateral.

The seven stocks, including Apple (AAPLc), Nvidia (NVDAc), and Tesla (TSLAc), are now available for use in Aave's new Equities Hub.

According to Aave, the borrowing cap is set at $21 million in USDC, with a supply limit of $32 million and an initial stock collateral cap of roughly $29 million.

Users cannot borrow the equity tokens themselves, but can instead use them as collateral for USDC loans, which will be priced using Chainlink oracle feeds.