The use of Binance’s bStocks as collateral on Lista Lending rose from 5.5% to 46.2% in under three months. As of November 5, 2026, this collateral was worth $9.64 million and spanned 93 stocks and 303 markets. Borrowers can deposit these tokenized shares to obtain stablecoins, including USDT, USD1, U and USDC, while retaining exposure to the underlying securities. Lista also added five new collateral assets in November, while Binance’s bStocks held approximately $1.5 billion in assets under management. This growth amid a stalled market indicates increased adoption of tokenized equities as collateral in decentralized finance.
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