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.