RWA collateral on Morpho has roughly doubled over 90 days to over $1B. Hastra's PRIME is now the largest asset in the set at ~$281M (27%), up from zero in early May, moving syrupUSDC to #2 at ~$230M. syrupUSDG has reached ~$70M on Robinhood Chain in six weeks. The growth is concentrated in private credit, a sector that @jpmorgan currently reads as "cautiously constructive": stress building but manageable.
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