Spark Supplies $408 Million in USDC to Morpho’s Base Market
Photo: TokenPost
Spark’s vault supplied $408.33 million in USD Coin (USDC) to Morpho’s cbBTC/USDC lending market on Base, representing 23% of its listed supply in a snapshot taken Tuesday evening. At 6:59 p.m. ET (22:59 UTC) Oct. 20, the vault held 408,438,641.19 USDC. The market showed about $1.8 billion in total size and $1.59 billion in outstanding loans. At 23%, Spark’s vault represented nearly one-quarter of the listed USDC supply, making its allocation material to liquidity for borrowers and lenders. A shift in that position could change how much USDC remains available in the pool.
Source: TokenPost
