Morpho (MORPHO) has launched a lending market on Base where users can borrow USDC against Coinbase's stock tokens as collateral. According to The Defiant, users can borrow USDC at variable or fixed interest rates using 5 stock tokens as collateral, including Apple, Alphabet, Nvidia, Meta, and SpaceX. Coinbase has been issuing these stock tokens to users outside the U.S. since August. Users can store them in self-custody wallets, securing dollar liquidity through collateralized loans without selling their held assets.
