Morpho powers lending on Circle's Arc blockchain with cirBTC
Morpho (MORPHO)
Editor:
Eugene Serbin
Cryptobriefing.com reports that Circle’s Arc blockchain has launched with Morpho integrated as its primary lending engine. Day-one deposits exceeded $150 million across USDC and EURC vaults, all borrowing against cirBTC, Circle’s 1:1 Bitcoin-backed wrapped token. This setup allows institutions to hold Bitcoin without selling it, using cirBTC as collateral to access liquidity.
Morpho Blue manages variable-rate earn and borrow positions, while Chainlink verifies the underlying BTC exists in segregated custody. The supply of cirBTC on Ethereum was limited to roughly 40 BTC outstanding as of mid-August, indicating the focus is on Arc. Arc’s validator set includes BlackRock, DTCC, and Visa, securing the network with isolated markets and customizable risk parameters.
The chain uses USDC for gas fees to remove the need for a native token. Morpho Midnight, a fixed-rate lending product, is in the pipeline to address institutional preferences for predictable borrowing costs.
How the market reacted
Whalio's own Binance spot order flow for MORPHO, measured when this story was written up on 19 September 2026. Not the outlet's figures.
Morpho (MORPHO) is trading at $2.49 with a 24-hour buy ratio of 57.3%, indicating that buyers are currently dominating the market. This buying pressure is stronger than the 49.9% seen in the 4-hour window and the 46.2% recorded in the last hour, suggesting that short-term momentum is fading. The volume delta reflects this shift, showing a positive $1,046,249 over 24 hours but negative deltas of -$6,177 and -$90,363 for the 4-hour and 1-hour periods respectively. Volume delta measures the net difference between buy and sell volume, so positive values indicate net buying pressure while negative values show net selling. The cumulative volume delta (CVD) closed at +$611,181, confirming that net buying has occurred over the day.
The latest daily buy ratio of 49.0% sits at the 31st percentile of the last 324 days, against a median of 51.0% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for MORPHO, averaged over the days leading up to the story.
Over the preceding week, MORPHO saw a 7-day average buy ratio of 56.7%, which is slightly lower than the latest 24-hour reading of 57.3%. Trading volume was 2.27 times the average, making this an unusually active day compared to typical trading patterns. The coin rose 7.9% over eight days, supported by net buying on all seven days of the period. Total volume delta for the week was +$4,200,155, showing consistent accumulation. This sustained buying activity contrasts with the recent intraday weakening seen in the 1-hour buy ratio.