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Morpho Says USDC Deposits on Its Lending Network Top $4 Billion

An Oct. 7 snapshot put Morpho’s deposits across all assets at $16.94 billion.

By Enna Lee
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Mentioned assets
A glass token enters a sculpted lending vault under warm light. / TokenPost.ai
A glass token enters a sculpted lending vault under warm light. / TokenPost.ai

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

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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