Morpho tops $500M in deposits on Circle's Arc in just over two weeks
- —Morpho deposits on Arc reached $500.27 million by October 2, 2026
- —Outstanding loans stood at $189.93 million, with cirBTC/USDC accounting for about 86% of activity
- —Launch day on September 16 pulled in between $150 million and $220 million
- —Top vaults from Galaxy and Keyrock yield about 0.80% net APY
Why it matters: Arc is emerging as a key venue for institutional Bitcoin-collateralized lending, strengthening Circle's position in stablecoin infrastructure.
Source: Crypto Briefing