RailsBeta
USDT

USDT markets

Every market here lends USDT and measures in it — every figure on this page is a quantity of USDT, never dollars. A market’s loan-to-value is its whole risk surface: the borrow limit and the liquidation line at once, fixed when the market was created. Sizes are the balance each market last settled, left as the contract stores them; the rates are live.

Chain snapshot · block 26,046,328 · every market’s state read from the Morpho Blue singleton · roster censused at block 26,011,527

Markets
129
Supplied
367.57M USDT
Borrowed
342.71M USDT
Utilisation
93%
113 hold supply · 102 have borrowing88.30B USDT exists

The markets that carry the book

Biggest book first. The bar is borrow ÷ supply, the one aggregate ratio Blue keeps; the lltv beside it is the market’s whole risk surface. Sizes are the balance each market last settled, never projected forward; the rates are live.

collateralborrow ÷ supplylltvsuppliedutilisationborrow aprsupply aprfeemarket
wstETH
86.0%123.41Mutil 93%6.94% borrow6.47% supplyfee 0%0xe7e9…87d2oracle
WBTC
86.0%83.74Mutil 93%7.07% borrow6.60% supplyfee 0%0xa921…df99oracle
sUSDS
96.5%62.80Mutil 92%4.78% borrow4.41% supplyfee 0%0x26b1…4d96oracle
cbBTC
86.0%19.35Mutil 93%7.17% borrow6.70% supplyfee 0%0x4fe7…d0d3oracle
USDT
98.0%17.11Mutil 100%604.56% borrow604.56% supplyfee 0%0xb74a…4e1coracle
sUSDS
96.5%11.78Mutil 93%7.06% borrow6.60% supplyfee 0%0x3274…cf0boracle
PT-sUSDS-26NOV2026
91.5%6.99Mutil 93%8.28% borrow7.67% supplyfee 0%0x0367…ff1boracle
PT-reUSD-10DEC2026
91.5%6.31Mutil 90%8.49% borrow7.66% supplyfee 0%0x6acd…14caoracle
PT-USDat-14JAN2027
91.5%6.08Mutil 92%7.63% borrow7.00% supplyfee 0%0xd8dd…c489oracle
sUSDai
91.5%3.96Mutil 90%4.82% borrow4.36% supplyfee 0%0xe615…f5b0oracle
weETH
86.0%3.84Mutil 93%7.22% borrow6.74% supplyfee 0%0xa6a4…1292oracle
v-wmtUSDT
86.0%3.50Mutil 90%7.27% borrow6.57% supplyfee 0%0x9396…f2c3oracle
WBTC
86.0%3.37Mutil 93%7.17% borrow6.70% supplyfee 0%0x3c5a…f510oracle
reUSD
91.5%3.17Mutil 92%9.77% borrow8.99% supplyfee 0%0x9105…9e35oracle
USDT
94.5%3.00Mutil 100%604.58% borrow604.58% supplyfee 0%0xa23d…466doracle
XAUt
77.0%2.80Mutil 93%8.29% borrow7.70% supplyfee 0%0xb784…0877oracle
wstETH
86.0%2.51Mutil 93%7.16% borrow6.70% supplyfee 0%0x6a57…f5c8oracle
weETH
86.0%2.01Mutil 93%7.18% borrow6.70% supplyfee 0%0xc2c5…a8f6oracle
cbBTC
86.0%798.4kutil 74%2.38% borrow1.76% supplyfee 0%0x4567…5bcaoracle

94 more funded markets, each below 0.1% of the book

Funded, and real, and each holding less than a thousandth of what the markets above hold between them. Every figure on their rows carries the same receipt as the rows above.

Show 94 markets
collateralborrow ÷ supplylltvsuppliedutilisationborrow aprsupply aprfeemarket
stUSDS
86.0%365.5kutil 76%2.82% borrow2.14% supplyfee 0%0x710f…7d8aoracle
WETH
86.0%293.6kutil 93%7.18% borrow6.70% supplyfee 0%0x3758…cfd2oracle
sUSDe
91.5%234.1kutil 93%7.18% borrow6.70% supplyfee 0%0xdc53…51bforacle
syrupUSDT
91.5%60.4kutil 94%8.35% borrow7.87% supplyfee 0%0xa477…818aoracle
idle — no collateral
0.0%37.0kutil 0%no IRMno IRMfee 0%0x5c6a…02d1no oracle
WETH
91.5%20.8kutil 53%0.08% borrow0.04% supplyfee 0%0xdbff…c0c5oracle
PT-cUSD-23JUL2026
91.5%20.6kutil 87%12.48% borrow10.91% supplyfee 0%0xfd03…554boracle
wstETH
86.0%10.0kutil 90%0.66% borrow0.59% supplyfee 0%0x6a6c…62e8oracle
hsUSDf
91.5%1.0kutil 0%0.50% borrow0.00% supplyfee 0%0xcaed…d46foracle
PT-sUSDD-26NOV2026
91.5%1.0kutil 0%0.62% borrow0.00% supplyfee 0%0xad65…610aoracle
PENDLE-LPT-WRAPPED
91.5%476.32util 1%14.89% borrow0.08% supplyfee 0%0xfd2e…23c8oracle
sUSDD
91.5%393.31util 94%8.11% borrow7.63% supplyfee 0%0x29ae…e476oracle
PENDLE-LPT-WRAPPED
91.5%328.01util 3%0.03% borrow0.00% supplyfee 0%0x2545…cf74oracle
USDe
91.5%162.53util 10%0.03% borrow0.00% supplyfee 0%0xcec8…e86foracle
wsrUSD
94.5%137.87util 98%143.04% borrow139.87% supplyfee 0%0xa9f7…700eoracle
PENDLE-LPT-WRAPPED
91.5%86.08util 100%800.00% borrow800.00% supplyfee 0%0xfc23…61f0oracle
LBTC
86.0%70.43util 0%2.34% borrow0.00% supplyfee 0%0x9a22…56b9oracle
PT-reUSD-25JUN2026
91.5%48.84util 83%10.25% borrow8.56% supplyfee 0%0x3fea…8253oracle
PT-sUSDE-31JUL2025
94.5%35.41util 89%180.49% borrow160.02% supplyfee 0%0x83e1…3048oracle
sUSDS
94.5%30.44util 100%158.82% borrow158.82% supplyfee 0%0xb5b0…e8d5oracle
WETH
86.0%29.15util 26%0.05% borrow0.01% supplyfee 0%0x6089…833aoracle
USR
91.5%12.14util 100%600.10% borrow600.10% supplyfee 0%0x0ec5…3cb0oracle
PT-wsrUSD-30OCT2025
91.5%11.07util 9%0.36% borrow0.03% supplyfee 0%0x5021…2c5boracle
PT-USDe-25SEP2025
91.5%10.35util 90%0.12% borrow0.11% supplyfee 0%0xb0a9…955boracle
ezUSD
91.5%10util 55%0.67% borrow0.37% supplyfee 0%0x44e1…c36coracle
syrupUSDC
91.5%6.27util 26%1.98% borrow0.51% supplyfee 0%0xdb19…bc28oracle
PT-USDG-24SEP2026
91.5%5.33util 93%7.07% borrow6.60% supplyfee 0%0x02bb…100doracle
PT-RUSD-31JUL2025
91.5%4.04util 0%12.52% borrow0.00% supplyfee 0%0x7110…ccbaoracle
PT-wsrUSD-31JUL2025
91.5%4.03util 0%13.16% borrow0.00% supplyfee 0%0x6623…eb01oracle
stcUSD
91.5%3.99util 0%12.55% borrow0.00% supplyfee 0%0x6b52…a070oracle
PT-cUSD-29JAN2026
91.5%3.92util 0%12.54% borrow0.00% supplyfee 0%0xe1fe…014aoracle
PT-stcUSD-29JAN2026
91.5%3.92util 0%12.54% borrow0.00% supplyfee 0%0x2269…6341oracle
PT-cUSD-29JAN2026
91.5%3.92util 0%12.53% borrow0.00% supplyfee 0%0x944f…b55coracle
sUSDD
94.5%3.84util 0%12.52% borrow0.00% supplyfee 0%0x3f4d…bebcoracle
cbBTC
86.0%3.55util 0%12.52% borrow0.00% supplyfee 0%0x4045…481eoracle
PENDLE-LPT-WRAPPED
86.0%2.71util 98%675.26% borrow661.22% supplyfee 0%0xe09b…dd72oracle
PT-cUSDO-19JUN2025
91.5%2.65util 98%688.74% borrow675.97% supplyfee 0%0xa46c…d402oracle
stcUSD
91.5%2.41util 53%24.63% borrow13.17% supplyfee 0%0xdbf4…d4aaoracle
stUSD
96.5%2.14util 0%7.27% borrow0.00% supplyfee 0%0xa9b1…9025oracle
PT-csUSDL-31JUL2025
91.5%1.85util 0%0.02% borrow0.00% supplyfee 0%0xf42b…7d43oracle
PT-sUSDE-27NOV2025
91.5%1.83util 56%0.17% borrow0.09% supplyfee 0%0x0f84…dfd2oracle
PT-RUSD-26FEB2026
91.5%1.63util 0%0.27% borrow0.00% supplyfee 0%0xdeca…d8d8oracle
PT-wsrUSD-26FEB2026
91.5%1.63util 77%1.17% borrow0.90% supplyfee 0%0xcf30…e4d0oracle
XAUE
77.0%1.58util 90%4.89% borrow4.40% supplyfee 0%0xd524…8c27oracle
wstUSR
91.5%1.4util 100%624.52% borrow623.89% supplyfee 0%0xac5e…2d3foracle
PT-stcUSD-23JUL2026
91.5%1.32util 79%0.53% borrow0.42% supplyfee 0%0x5eaa…cec1oracle
PT-srUSDe-2APR2026
91.5%1.3util 2%0.03% borrow0.00% supplyfee 0%0xb2f8…4691oracle
PT-sUSDE-25SEP2025
91.5%1.27util 80%0.23% borrow0.19% supplyfee 0%0x92fa…398boracle
PT-USDe-27NOV2025
91.5%1.26util 80%0.09% borrow0.07% supplyfee 0%0x89c3…2c1coracle
PT-syrupUSDC-30OCT2025
91.5%1.26util 89%1.24% borrow1.10% supplyfee 0%0xa315…34edoracle
PT-syrupUSDC-28AUG2025
91.5%1.24util 92%321.24% borrow297.02% supplyfee 0%0x96a4…eaa8oracle
sDAI
94.5%1.16util 82%0.09% borrow0.08% supplyfee 0%0x1ca7…f706oracle
thBILL
94.5%1.14util 90%2.09% borrow1.89% supplyfee 0%0xfb83…6e28oracle
PT-syrupUSDC-28AUG2025
91.5%1.08util 91%239.82% borrow217.43% supplyfee 0%0x9df0…770foracle
PT-RUSD-30OCT2025
91.5%1.04util 48%4.32% borrow2.09% supplyfee 0%0x02a2…8785oracle
PT-cUSDO-20NOV2025
91.5%1.03util 0%0.24% borrow0.00% supplyfee 0%0x7fd6…9f32oracle
zkBTC
86.0%1.02util 0%0.02% borrow0.00% supplyfee 0%0x0fa8…ca58oracle
wbIB01
96.5%1.02util 90%16.19% borrow14.60% supplyfee 0%0xae18…92b7oracle
weETH
77.0%1.01util 91%3.87% borrow3.52% supplyfee 0%0x19cc…e1f3oracle
PT-srUSDe-25JUN2026
91.5%1.01util 91%12.22% borrow11.12% supplyfee 0%0x1bd9…e41eoracle
TSLAon
62.5%1.01util 91%9.90% borrow9.01% supplyfee 0%0x0fa9…65e4oracle
FLHYon
86.0%1.01util 91%4.01% borrow3.65% supplyfee 0%0x04f8…ee7boracle
PT-sUSDE-29MAY2025
94.5%1.01util 1%0.04% borrow0.00% supplyfee 0%0x4239…392doracle
PT-USDG-28MAY2026
94.5%1.01util 89%0.50% borrow0.44% supplyfee 0%0x1e6f…4b52oracle
wsrUSD
91.5%1.01util 91%8.97% borrow8.16% supplyfee 0%0x705b…de34oracle
sUSN
86.0%1util 90%9.81% borrow8.84% supplyfee 0%0x0b5b…c355oracle
CANA
86.0%1util 100%4.85% borrow4.85% supplyfee 0%0x30fe…c5daoracle
bUSD0
86.0%1util 70%0.08% borrow0.06% supplyfee 0%0x7559…9cd8oracle
csUSDL
96.5%1util 0%0.02% borrow0.00% supplyfee 0%0xf9e5…b6a9oracle
PT-SY wstUSR-25JUN2026
91.5%1util 100%599.47% borrow598.87% supplyfee 0%0xbd13…38f0oracle
wstUSR
91.5%1util 91%23.08% borrow20.98% supplyfee 0%0xaaf6…f63aoracle
WBTC
86.0%1util 91%15.30% borrow13.91% supplyfee 0%0xa4b7…8ae5oracle
cbBTC
86.0%1util 91%17.60% borrow16.00% supplyfee 0%0x18a2…9ac5oracle
WBTC
86.0%1util 91%17.58% borrow15.98% supplyfee 0%0xfb7c…0c36oracle
cbBTC
86.0%1util 91%17.58% borrow15.98% supplyfee 0%0x4760…2185oracle
weETH
77.0%1util 91%15.01% borrow13.65% supplyfee 0%0xeb9a…aa95oracle
weETH
77.0%1util 91%15.02% borrow13.65% supplyfee 0%0x1f9d…b6f3oracle
PT-SIERRA-6AUG2026
86.0%1util 90%3.97% borrow3.57% supplyfee 0%0x5eb1…2cf1oracle
TSLAon
62.5%1util 91%7.51% borrow6.83% supplyfee 0%0xfb91…462doracle
PT-siUSD-7JAN2027
91.5%1util 91%5.12% borrow4.65% supplyfee 0%0xaf90…7082oracle
PENDLE-LPT-WRAPPED
91.5%1util 90%4.38% borrow3.93% supplyfee 0%0x6f25…bd6coracle
sDAI
96.5%1util 90%3.99% borrow3.59% supplyfee 0%0xf213…87adoracle
bUSD0
86.0%1util 100%604.00% borrow604.00% supplyfee 0%0x9ba3…8cfboracle
spUSDT
96.5%1util 90%4.00% borrow3.60% supplyfee 0%0xe675…30c4oracle
cbBTC
86.0%0.9576util 0%0.03% borrow0.00% supplyfee 0%0x2b80…ef4boracle
PT-tUSDe-18DEC2025
91.5%0.8072util 0%0.02% borrow0.00% supplyfee 0%0xa7de…301aoracle
stUSD
94.5%0.6521util 0%0.02% borrow0.00% supplyfee 0%0xa44f…bf3aoracle
PT-sUSDD-27AUG2026
91.5%0.1139util 90%4.56% borrow4.11% supplyfee 0%0xdf6c…22e0oracle
wUSDM
96.5%0.1022util 89%2.02% borrow1.80% supplyfee 0%0x231b…155doracle
USDC
77.0%0.1util 0%0.26% borrow0.00% supplyfee 0%0x4f19…0e8eoracle
PENDLE-LPT-WRAPPED
91.5%0.0445util 100%800.00% borrow800.00% supplyfee 0%0x134c…ab6foracle
SyStUSD
94.5%0.0055util 0%0.37% borrow0.00% supplyfee 0%0x05c3…5cb9oracle
reUSD
96.5%0.001util 0%0.27% borrow0.00% supplyfee 0%0x007f…5b61oracle
PT-csUSDL-30OCT2025
91.5%5.0e-6util 20%20.86% borrow4.17% supplyfee 0%0x2183…2f86oracle

Created, never funded

16 USDT markets hold no supply at this block. Creating a market on Blue is permissionless and costs only gas, so most of them were simply never used — they carry the parameters they were born with and nothing else. They are listed because the roster is the protocol’s, not ours; markets born with the same collateral and the same loan-to-value are one line with a count.

Show 16 empty markets
PKZZZ / USDT · 91.5% ×2cbBTC / USDT · 86.0% ×2ysUSDS / USDT · 96.5%USDT / USDT · 96.5%sUSDS / USDT · 94.5%ysUSDS / USDT · 94.5%SyStUSD / USDT · 94.5%PT-AIDaUSDT-14AUG2025 / USDT · 91.5%PENDLE-LPT-WRAPPED / USDT · 91.5%stcUSD / USDT · 91.5%PT-stcUSD-29JAN2026 / USDT · 91.5%MUSD / USDT · 91.5%tBTC / USDT · 86.0%BCPGOLD / USDT · 38.5%