cirBTC Borrowing on Morpho Exceeds $190 Million as Liquidity Tightens
Borrowing in Morpho’s cirBTC market has surpassed $190 million, with 97.4% of supplied USDC now in use, according to The Defiant.
Borrowing against cirBTC on Morpho has climbed above $190 million as liquidity on Arc tightens, The Defiant reported.
In the main market, borrowers have taken up about 97.4% of supplied USDC. That compares with 8.1% when Circle Mint opened access on Sept. 21.
The higher utilization leaves only a small share of the market’s supplied USDC available for additional borrowing.
Source: The Defiant
