Morpho Opens USDC Borrowing Against Coinbase Tokenized Stocks

The notable shift here is collateral, not trading: tokenized equities are moving from a buy-and-hold wrapper into DeFi's borrowing stack, which tests whether on-chain price feeds and liquidation logic can handle instruments tied to equity-market hours. That matters most for Morpho and Base, and for Coinbase's tokenized-equity push, since it widens the utility of those tokens beyond exposure. The open question is whether lending demand for these markets persists once the novelty fades, and how such collateral behaves when underlying equity markets are closed.