Morpho Launches Lending Markets for Coinbase Tokenized Stocks on Base

Decentralized lending protocol Morpho has launched lending markets for Coinbase tokenized stocks on the Base network. Users can now use five tokenized stocks—Apple, Alphabet, Nvidia, Meta, and SpaceX—as collateral to borrow USDC at either floating or fixed rates. This allows holders to access liquidity without selling their positions. According to data, borrowers have already collateralized $104,400 worth of stock tokens, with $54,700 borrowed. The markets are curated by Steakhouse Financial, which provides the majority of the liquidity. Utilization rates vary, with the Meta market reaching 97% utilization and a 17.52% borrowing rate.