Morpho officially launches sUSDD/USDC lending market with an initial supply cap of $15 million
BlockBeats News, March 4th. According to official sources, the decentralized stablecoin USDD announced that the sUSDD/USDC lending market, selected by top risk management firm Gauntlet, has officially launched on Morpho with an initial supply cap of $15 million. This move aims to further enhance the capital efficiency and liquidity depth of sUSDD by introducing mainstream stablecoin pairs, providing DeFi users with a more diverse range of profit options. This marks the beginning of a rapid growth period for USDD's lending ecosystem on Morpho.
Previously, USDD and Morpho jointly launched the sUSDD/USDT incentive event on February 10th, with a TVL peak of over $60 million in less than a month. Until the event's conclusion on March 11th, participants can still share a prize pool of 30,000 USDD tokens and enjoy a maximum 2% additional subsidy.
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.
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