Morpho, a DeFi lending protocol, has reached a new milestone as its total outstanding loans climbed to a record $5 billion, according to a Techub News update citing data attributed to @MessariCrypto. The figures show that stablecoins account for the overwhelming majority of activity on the platform, with 95% of borrowing denominated in stablecoin terms. Within that segment, USD Coin (USDC) makes up 62% of the total. The snapshot points to the central role of dollar-pegged assets in Morpho’s lending market at the time of reporting. No additional breakdown or timeframe was provided in the brief. The update was published by Techub under the technology category.
Morpho, a DeFi lending protocol, has pushed its total outstanding loans to a record $5 billion, according to Techub News.
Figures cited in the update show 95% of lending on Morpho is denominated in stablecoins. And USDC makes up 62% of that activity. The post credited the data to @MessariCrypto.
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