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. Summary 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. 22 post that its Stock Tokens can now serve as collateral on Morpho, allowing holders to borrow against their positions. The announcement describes access for eligible wallets and applications that connect to the lending markets. “Robinhood Chain brings the rails, Morpho brings their credit layer,” the company wrote. In the Morpho announcement embedded in the post, the lending protocol said users can pledge Stock Tokens to borrow stablecoins and that applications can integrate the credit markets. Robinhood Cha...