Morpho Midnight opens all USDC markets on Morpho Blue, expanding fixed-rate lending
- —Midnight launched publicly on July 21, 2026 on Base with cbBTC/USDC markets, then expanded to Ethereum on September 8
- —Midnight holds roughly $30 million in deposits, about 0.2% of Morpho Blue's deposit base
- —Morpho Blue has over $5.2 billion in outstanding loans and more than $16 billion in deposits
- —Multi-market offers let a single pool of capital quote rates across several collateral types at once
Why it matters: Midnight can tap the $16 billion in deposits across the Morpho ecosystem, giving it a shot at solving DeFi's long-standing fixed-rate liquidity problem.
Source: Crypto Briefing