Robinhood Chain reaches $1.14B TVL as Morpho enables stock-token loans

Robinhood Chain has reached $1.14 billion in total value locked, as Robinhood Crypto has confirmed that eligible holders can use its Stock Tokens as collateral to borrow stablecoins through Morpho. Morpho supports stablecoin borrowing against Robinhood Stock Tokens through markets accessible to eligible wallets and apps. DefiLlama lists $1.079 billion in stablecoins on the network, with USDG accounting for 65.67%. Robinhood’s documentation says stock price feeds update 24/5, while onchain token trading can continue outside tokenization hours. US persons remain excluded from Stock Tokens under Robinhood’s published product restrictions. Robinhood Crypto said in an Oct.

Source: crypto.news