DeFi protocol Venus Protocol announced the launch of a lending service collateralized by tokenized stocks (bStocks) on the BNB Chain. With this service launch, users can deposit on-chain U.S. stock assets such as Tesla (TSLAB), NVIDIA (NVDAB), and S&P 500 index-tracking ETFs as collateral in the Venus Core Pool. This allows users to borrow stablecoins like USDT and USDC without selling their assets, while maintaining exposure to the price appreciation of their existing stocks.
