# Morpho Says USDC Deposits on Its Lending Network Top $4 Billion By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/50599 Published: 2026-11-07T05:19:22.000Z Updated: 2026-11-07T05:19:22.000Z Section: Investing > An Oct. 7 snapshot put Morpho’s deposits across all assets at $16.94 billion. 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. ## Links in this article - [Ledger’s Bitcoin-backed loan integration](https://www.tokenpost.com/news/business/27319) - [Coinbase’s fixed-rate loans backed by Bitcoin (BTC)](https://www.tokenpost.com/news/business/23467)