TREE NEWS update: Borrowing against cirBTC on Morpho has surpassed $190 million, with roughly 97.4% of supplied USDC borrowed in the main market. This contrasts with the 8.1% utilization rate when Circle Mint opened access on September 21. The surge reflects tightening liquidity in the Arc market as demand for stablecoin-denominated pools outpaces new supply.
cirBTC Borrowing on Morpho Surpasses $190 Million as Arc Liquidity Tightens
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