The total value locked (TVL) of sUSDD/USDT on the Morpho platform has exceeded $60 million, marking a 50% increase from $40 million in just two weeks. This growth positions sUSDD as the second-largest USDT lending market for yield-bearing stablecoins on Morpho, following sUSDS. Since its introduction at the end of January, sUSDD has boosted liquidity and borrowing in the sUSDD/USDT market, highlighting the success of its interest-bearing USDT model. The USDD team noted that this rapid expansion underscores the potential of stable yield strategies within DeFi, aiming to further broaden its application.
sUSDD TVL on Morpho Reaches $60M, Grows 50% in Two Weeks
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