Morpho opens stablecoin borrowing against Robinhood stock tokens

Morpho has enabled borrowing against tokenized Robinhood stock tokens, letting users post NVDA and SPCX collateral at a 62.5% liquidation threshold and SPY at 77%, with USDG as the loan asset. The move links tokenized equities to stablecoin credit markets, expanding what DeFi lenders will accept as collateral. Traders should watch whether these markets attract meaningful stablecoin borrowing and how the liquidation thresholds hold up if equity prices swing.