USDG stablecoin lending on Morpho's Arbitrum market reached $44 million in total value locked soon after its launch on October 6. The launch included USDG trading on platforms like Fluid and Uniswap, vault access via GMX, and deposit/withdrawal support from Kraken. Arbitrum held about $4 billion in stablecoins at the time, with USDG circulation exceeding $3 billion across networks. Additionally, Morpho's deployment on Robinhood Chain saw deposits grow from $9.5 million in July to $456 million by the end of August, indicating strong demand before the Arbitrum launch.
USDG lending on Morpho's Arbitrum market reached $44 million in total value locked. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 21, 2026 08:21 WIB: 44 of 50 major cryptocurrencies rose today. Notable movers include COTI at Rp203 (+5.12%, 67% Sell / 33% Buy), SNX at Rp4.060 (+4.96%, 25% Sell / 75% Buy), and XTZ at Rp5.623 (+4.91%, 67% Sell / 33% Buy).
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