DeFi· ★★★· neutral·

cirBTC Borrowing on Morpho Tops $190M as Arc Liquidity Tightens

  • —cirBTC borrowing on Morpho exceeded $190 million
  • —97.4% of supplied USDC is borrowed in the main market
  • —Utilization stood at 8.1% when Circle Mint opened access on Sept. 21
Why it matters: The surge in USDC utilization points to tightening liquidity in the cirBTC market and could push borrowing rates higher.
#USDC
Source: The Defiant
More on this
DeFi · Sep 28
Arc Facilitates $150M in USDC Borrowing Against cirBTC
 DeFi · Oct 1
Circle's Arc rolls out USDC funding, Morpho lending and bitcoin borrowing kits for apps
 DeFi · Oct 2
Morpho tops $500M in deposits on Circle's Arc in just over two weeks