Aave V4 on Base lets non-U.S. users borrow USDC against tokenized equities

Aave V4 on Base has begun accepting Coinbase-issued tokenized stocks as collateral for USDC loans. The eligible assets include Apple, Nvidia, Tesla, and four other tokenized equities, and the service is limited to non-U.S. users.
Aave V4 on Base now accepts Coinbase-issued tokenized stocks as collateral. The eligible assets include Apple, Nvidia, Tesla, and four other tokenized equities. Borrowers can take USDC loans against those holdings, but the service is restricted to users outside the United States.
This arrangement combines crypto lending with tokenized equity exposure. It also places a geographic limit on who may access the collateralized borrowing option.
For non-U.S. users, this may expand ways to access USDC liquidity while retaining exposure to tokenized equities, though it could also introduce new risks around collateral volatility and platform dependence. It may encourage more tokenized assets to be used in lending markets, affecting investors, crypto platforms, and observers watching how such products are governed across jurisdictions.