BlockBeats News, March 4 — According to official sources, the decentralized stablecoin USDD announced that the sUSDD/USDC lending market selected by top risk management firm Gauntlet has officially launched on Morpho, with an initial supply cap of $15 million. The goal is to further enhance sUSDD’s capital efficiency and liquidity depth by introducing mainstream stablecoins, providing DeFi users with more diversified yield options, marking a rapid growth phase for USDD lending ecosystem on Morpho.
Previously, USDD and Morpho jointly launched the sUSDD/USDT incentive program on February 10. In less than a month, its TVL peaked at over $60 million. Before the event ended on March 11, users could still participate in sharing a reward pool of 30,000 USDD tokens and enjoy up to 2% additional subsidy.
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