Morpho has opened Base lending markets for five Coinbase-issued tokenized stocks, allowing eligible investors outside the United States to pledge the assets and borrow USDC without selling their positions. The supported tokens are Apple (AAPLc), Alphabet (GOOGLc), Nvidia (NVDAc), Meta Platforms (METAc) and SpaceX (SPCXc). Morpho data showed $104,401 in collateral and $54,652 borrowed, with $60,265 supplied across the markets at 9:48 a.m. ET. All current borrowing is in variable-rate pools, while 95 fixed-rate Midnight markets have no outstanding units. Steakhouse Financial curates the markets, and Chainlink pricing supports collateral valuation and liquidations. Coinbase issues the tokens through Coinbase Onchain SPV Ltd. for eligible investors outside the United States; the products represent interests in underlying shares held through segregated custody arrangements and are offered under Regulation S. The markets were deployed on Sept. 7, while borrowing rose from $503 to $42,105 in roughly two hours on Sept. 16 before reaching $54,652.