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$USDG lending growth on Morpho has taken total value locked to $115 million within 18 days of launch, Arbitrum reported in a post on X. The milestone puts a concrete figure on the stablecoin’s lending activity in Arbitrum’s decentralized finance ecosystem.
$USDG lending growth on Morpho reaches $115 million
The figure reported by Arbitrum measures total value locked, or TVL, in $USDG lending on Morpho. It pairs the size of that lending activity with a short timeline: the platform reached the reported total just 18 days after launch.
$USDG is a stablecoin used for lending and borrowing on the Arbitrum network. Morpho provides a venue for that activity, while decentralized finance platforms like it allow users to earn yields on their assets.