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Morpho Launches sUSDD/USDC Lending Market with a $15 Million Initial Supply Cap

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Morpho launched the sUSDD/USDC lending market on March 4, 2026, with a $15 million supply cap. The on-chain announcement underscores a significant step for USDD to enhance capital efficiency and liquidity. This market launch follows a February 10 sUSDD/USDT campaign that reached $60 million in TVL. Users can still claim up to 30,000 USDD in rewards until March 11, with subsidies of up to 2%.

BlockBeats news, March 4: According to official announcements, the decentralized stablecoin USDD has launched the sUSDD/USDC lending market on Morpho, selected by top risk management firm Gauntlet. The initial supply cap is set at $15 million, aiming to enhance the capital efficiency and liquidity depth of sUSDD by introducing a mainstream stablecoin pair, while offering DeFi users a broader range of yield opportunities—marking the beginning of rapid growth for USDD’s lending ecosystem on Morpho.


Previously, USDD and Morpho jointly launched the sUSDD/USDT incentive campaign on February 10, during which the TVL peaked at over $60 million within less than a month. Before the campaign ended on March 11, users could still participate to claim a share of the 30,000 USDD reward pool and enjoy an additional subsidy of up to 2%.

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