Aave V4 on Base Adds Coinbase Tokenized Stocks as USDC Loan Collateral

The significance is less the equities themselves than the collateral base: Aave is testing whether tokenized real-world assets can carry stablecoin credit, not just sit in wallets. The geographic carve-out for non-U.S. users shows the regulatory perimeter is still the binding constraint on distribution. What matters next is whether these tokenized positions behave like crypto collateral under stress — oracle pricing, liquidation depth and weekend gaps are where the model gets tested. Whether other RWA issuers follow into lending markets is the open question.