Morpho Says USDC Deposits on Its Lending Network Top $4 Billion
Photo: TokenPost
Morpho says deposits of USD Coin (USDC) on its onchain lending network have topped $4 billion, marking a milestone for the dollar-pegged stablecoin’s use in lending. The figure covers USDC alone. Morpho’s deposits across all assets stood at $16.94 billion on Oct. 7; the protocol also powers Ledger’s Bitcoin-backed loan integration . Morpho also provides credit infrastructure for Coinbase’s fixed-rate loans backed by Bitcoin (BTC) . Coinbase manages the product, while Base handles settlement. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
