Aave V4 Launches Equities Hub on Base for Borrowing USDC Against Tokenized Stocks

Aave Labs has introduced the Equities Hub on the Ethereum Layer 2 network Base, allowing users to borrow USDC by using tokenized U.S. stocks as collateral. The hub currently supports seven Coinbase-issued stock tokens, including AAPLc, AMZNc, GOOGLc, METAc, MSFTc, NVDAc, and TSLAc. These tokens are available to eligible non-U.S. users. The underlying assets are held in segregated accounts managed by Alpaca Securities. Price data for these tokens is provided by Chainlink's price feeds. Aave Labs plans to expand the range of supported stock tokens and eventually add the GHO stablecoin as a borrowable asset, subject to governance and risk assessment.