# Aave V4 Stock-Backed Market Reaches $25 Million in Deposits By Simon Yoon Canonical URL: https://www.tokenpost.com/news/technology/55190 Published: 2026-11-12T09:41:24.000Z Updated: 2026-11-12T09:41:24.000Z Section: Technology > The Base market supports borrowing against seven Coinbase-tokenized U.S. stocks, with USD Coin (USDC) as the loan asset. Aave announced that its V4 stock-backed market on Base reached $25 million in deposits, marking a milestone for a lending product that lets users borrow against tokenized U.S. equities. The market accepts seven Coinbase-tokenized U.S. stocks as collateral and uses USD Coin (USDC) as the loan asset. The seven tokenized U.S. stock collateral tokens are AAPLc, AMZNc, GOOGLc, METAc, MSFTc, NVDAc and TSLAc. SPCXc was added separately as collateral. The $25 million figure applies to the stock-backed market alone. It does not measure total Aave V4 deposits or the amount of borrowing that remains outstanding. Aave V4 deposits across the protocol had reached $1.2 billion, while active loans had exceeded $400 million in an [earlier protocolwide snapshot](). Aave’s Equities Hub on Base is isolated from the protocol’s other lending pools, keeping stock-backed collateral in a separate market. ## Links in this article - [earlier protocolwide snapshot](https://www.tokenpost.com/news/technology/25681)