lending

Decentralized stablecoin USDD has announced the launch of a new round of borrowing incentive activities on the decentralized lending protocol Morpho, with a total prize pool of 80,000 USDD, covering the sUSDD/USDC and sUSDD/USDT markets. The event lasts for 30 days, starting from March 11, 2026, at 8:00 (UTC+8).The specific incentive distribution is as follows: USDC borrowers will receive 30,000 USDD, with an APY cap of 2%; USDT borrowers will receive 50,000 USDD, with an APY cap of 1%. Users can lend the corresponding assets in the designated markets on Morpho and obtain additional subsidy earnings through the Merkl platform. The USDD team stated that this initiative aims to enhance the liquidity depth and borrowing activity of the sUSDD-related markets, creating short-term enhanced yield opportunities for stablecoin holders.

According to the official announcement, Gate has launched the lobster perpetual contract for real trading (settled in USDT), supporting 1-20 times leverage.Gate has added lobster unified account lending, isolated margin trading pairs, and has simultaneously launched lobster residual coin treasure wealth management, flexible collateralized lending, and fixed-term collateralized lending features. The lobster trading bot and dollar-cost averaging function are now live.

According to on-chain analyst Yu Jin's monitoring, the lending platform Spark transferred 570,000 USDS to a new multi-signature wallet the day before yesterday, and then began making small multiple purchases of SPK using CoW Swap's TWAP feature. So far, 1.84 million SPK (worth $36,000) have been repurchased.Spark previously passed a proposal for SPK repurchase, which roughly states: to first set aside operational reserves in the treasury, approximately $35 million. Then, each month, 10% of the excess funds will be used to repurchase SPK. This repurchase is expected to last for 12 months.

According to a report by the Financial Times citing anonymous sources, cryptocurrency trading and lending company BlockFills has "sought restructuring advice from consulting firm BRG." It is said that after halting withdrawals, BlockFills appointed BRG's Mark Renzi as "Chief Transformation Officer." The new management of BlockFills aims to "complete the restructuring, inject new capital, and implement new governance and financial controls."Previously, the lending institution temporarily suspended customer deposits and withdrawals last month. At that time, BlockFills attributed the move to "recent market and financial conditions," citing a significant decline in the digital asset market. This week, a federal judge issued a temporary restraining order against BlockFills after one of its clients, Dominion Capital, accused the company of mismanaging client funds in February.

HyperEVM's native non-custodial lending protocol HypurrFi stated on platform X that there is a "rounding error" vulnerability in versions prior to Aave V3 3.5. Under specific conditions, an attacker could extract underlying tokens by repeatedly executing supply/extract and borrow/repay loop operations.The affected markets are XAUT0 and UBTC in HypurrFi Pooled. Currently, user funds are not at risk. To ensure safety, related markets have suspended new supply and lending operations, while withdrawal and repayment functions remain operational, and other markets are running normally. HypurrFi added that it quickly identified the issue on-chain through its internal monitoring system and promptly froze the affected markets. They are also collaborating with other Aave deployers and security researchers to address the issue and have invited other Aave fork projects to reach out for more security information.

HyperEVM's native non-custodial lending protocol HypurrFi stated on platform X that there is a "rounding error" vulnerability in versions prior to Aave V3 3.5. Under specific conditions, an attacker could extract underlying tokens by repeatedly executing supply/extract and borrow/repay loop operations.The affected markets are XAUT0 and UBTC in HypurrFi Pooled. Currently, user funds are not at risk. To ensure safety, related markets have suspended new supply and lending operations, while withdrawal and repayment functions remain operational, and other markets are running normally. HypurrFi added that it quickly identified the issue on-chain through its internal monitoring system and promptly froze the affected markets. They are also collaborating with other Aave deployers and security researchers to address the issue and have invited other Aave fork projects to reach out for more security information.

Mitsubishi UFJ, with an asset size of $30 trillion in Japan, announced that it will use AI for loan reviews and conduct a joint stablecoin proof of concept with three major banks.

According to official news, the Solana-based lending protocol Loopscale has announced that LP tokens from Orca and Raydium can now be used as collateral for lending. Loopscale's order book architecture allows for pricing based on the conditions of each position itself, rather than incorporating it into a centralized lending pool model.Through this credit market infrastructure, over $1 billion in yield-generating liquidity can be unlocked. The system is capable of independently assessing and pricing each LP based on multiple variables such as price range, fee tier, and underlying assets.

According to the official announcement, Gate has launched MANTRA perpetual contract trading (settled in USDT), supporting 1-50x leverage.Gate has added MANTRA unified account lending, isolated margin trading pairs, and simultaneously launched MANTRA idle asset management, flexible collateral lending, and fixed collateral lending features. MANTRA instant exchange, trading bots, copy trading, and dollar-cost averaging functions are all live.

According to a report by Cointelegraph, the latest working paper released by the European Central Bank on Tuesday shows that the growth of stablecoin usage is siphoning off funds from bank deposits, weakening the transmission of monetary policy to loans.The research indicates that the rising interest in stablecoins is associated with a significant decline in retail bank deposits and a decrease in corporate loans. When deposits decrease, banks may be forced to rely more on wholesale or market financing, which is typically more expensive and unstable. The European Central Bank points out that the extent of stablecoins' interference with the transmission channels of monetary policy depends on their adoption scale, design features, and regulatory approach. In particular, stablecoins denominated in foreign currencies may further weaken the link between domestic monetary policy and bank loans.

The publicly listed Bitcoin mining company MARA, which holds the largest amount of Bitcoin, disclosed in its annual report that it earned $32.1 million in interest income by lending out 9,377 BTC in 2025. However, due to the decline in cryptocurrency prices, the lending segment recorded a loss of $86.3 million for the year. By the end of 2025, MARA held 53,822 BTC (approximately $4.7 billion), with a fair value decline of $301 million for the year. Notably, the company has relaxed its policy for 2026, allowing the sale of BTC on its balance sheet, no longer limited to the sale of current mining output.

According to Decrypt, Wall Street giant Morgan Stanley manages nearly $9 trillion in client assets, and its new head of digital asset strategy, Amy Oldenburg, stated that the company hopes clients will be able to custody and trade Bitcoin on its platform. When asked whether the bank also intends to offer Bitcoin-based yield and lending services, she expressed strong support.She told Strategy CEO Phong Le at the "Corporate Bitcoin Conference" held in Las Vegas on Wednesday: "These are part of the discussions and explorations, and they are a natural component of Morgan Stanley's roadmap. I think we are still in very early stages in this regard."

According to official disclosure data, the decentralized lending protocol Aave has become the first lending protocol to have real-world asset (RWA) deposits exceed $1 billion, marking a further acceleration in the integration of on-chain finance with traditional assets.The RWA sector has grown rapidly in recent years, with institutional funds continuously flowing in, driving the expansion of on-chain government bonds, credit assets, and other products, which also reflects the market's ongoing demand for compliant on-chain assets and yield-generating products.

According to The Block, Coinbase announced that it has added XRP, Dogecoin (DOGE), Cardano (ADA), and Litecoin (LTC) as collateral assets for its on-chain crypto collateralized lending product provided by the DeFi protocol Morpho. Eligible U.S. users (excluding New York State) can now borrow up to $100,000 USDC without having to sell the aforementioned tokens.Previously, the product supported Bitcoin and Ethereum as collateral, with Bitcoin allowing a maximum loan of $5 million USDC and Ethereum allowing a maximum loan of $1 million USDC.Coinbase stated that the on-chain lending service operates on the Morpho protocol on the Base network, and to date, the total loan issuance has exceeded $1.9 billion. The company charges a one-time borrowing fee, which is included in the loan principal.

According to Businesswire, the crypto lending platform Nexo announced its official return to the U.S. market in 2026, aiming to provide a framework for its investment and credit products that complies with U.S. regulatory requirements.It is reported that its digital asset trading infrastructure is provided by Bakkt. As part of its U.S. operations, Nexo has launched a comprehensive suite of digital asset services designed to support advanced portfolio management and liquidity needs.

The multi-chain lending protocol ZeroLend has officially announced:After three years of building and operating the protocol, the team has made the difficult decision to gradually cease operations. Despite the team's ongoing efforts, the current form of the protocol is no longer sustainable.In recent times, several chains that ZeroLend initially supported have become inactive or experienced a significant decline in liquidity. In some cases, oracle providers have also stopped their support, making it increasingly difficult to reliably operate the market or generate sustainable income. Meanwhile, as the scale of the protocol expanded, it attracted more malicious actors, including hackers and scammers. Combined with the inherently low-profit and high-risk nature of lending protocols, this has led to the protocol being in a state of long-term losses.The team's current top priority is to ensure that users can safely withdraw their assets. All users are strongly advised to withdraw any remaining funds from the platform as soon as possible.

According to Decrypt, the blockchain lending platform Figure has confirmed a customer data breach.Figure stated that the personal information of some customers was leaked after an employee fell victim to a social engineering attack. Figure is working with cybersecurity experts to investigate the scope of the incident and has taken measures to enhance system security.Figure advises affected customers to remain vigilant and monitor their accounts for any unusual activity. The hacker group ShinyHunters claims responsibility for the incident, stating that Figure refused to pay the ransom and has released 2.5 GB of stolen data.

Ondo Finance announced that the tokenized stocks of Ondo Global Markets are now live in the DeFi lending market, with SPYon and QQQon being the first to launch, integrated with Morpho and Gauntlet.Ondo's tokenized stocks and ETFs are now available as efficient risk management collateral assets in Ethereum DeFi.