The TVL of sUSDD on Morpho surpasses $47 million
ChainCatcher News, according to official data, the decentralized stablecoin USDD yield-bearing token sUSDD has achieved rapid growth on the decentralized lending protocol Morpho, with its TVL surpassing 47 million USD.
It is reported that within just one month of launch, the sUSDD/USDT market TVL has exceeded 40 million USD, and has become the second largest USDT lending market in the yield-bearing stablecoin sector, second only to sUSDS.
In addition, sUSDD has been integrated into Gauntlet Vaults, with lending demand continuing to rise and liquidity steadily increasing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Orion180 Insurance Prices $240 Million IPO at $12 a Share
Bank of Japan raises interest rates to 31-year high; Governor Ueda Kazuo: Does not rule out a 50 basis point or consecutive rate hikes, but cautions against excessive tightening of financial conditions
The Bank of Japan (BOJ) raised interest rates on Friday to the highest level in 31 years and signaled its readiness to continue increasing borrowing costs, joining other major central banks in combating the persistent inflation pressures triggered by surging oil prices.
Market Chatter: HSBC Australia Considered for Acquisition by National Australia Bank
Bank of Japan's Policy Rate Unlikely to Rise Above 2% -- Market Talk
Crypto prices
More
