Crypto
Pendle Ecosystem USDC Vault Now Live on Morpho
The Pendle Ecosystem USDC vault has gone live on Morpho. This development allows users to deposit USDC, which is then allocated across PT-reUSD, PT-sUSDS, and PT-USDG markets.
The vault is a collaborative effort between Pendle and Armitage, Wintermute's vault curation arm. It connects deposited USDC with demand for Pendle principal tokens by directing funds into selected PT markets on Morpho.
This creates a new route for participation tied to PT borrow demand, potentially supporting activity and liquidity around those markets.