🏦 New Morpho Market: Borrow frxUSD Using sUSG Collateral

🏦 New frxUSD borrowing option

By Frax
Jun 22, 2026, 3:03 PM
twitter

A new lending market has launched on Morpho, allowing users to borrow frxUSD using sUSG as collateral.​ The market is curated by Tangent and 0xAlphaping.​

Key Details:

  • Platform: Morpho
  • Collateral: sUSG (Tangent's staked USG)
  • Borrow asset: frxUSD

This follows recent capacity increases on Tangent's frxUSD markets, which have seen strong demand.​ Tangent uses frxUSD as its core default stablecoin and launched in late May 2026.​

Sources

Introducing the frxUSD Bridge. A direct way to move frxUSD across 25 chains. Operated by Frax and powered by @LayerZero_Core, we don’t charge users volume fees or charge chains integration fees. Because we believe DeFi money should move freely. frax.com/swap

USDC
USDC
@USDC

Introducing the USDC Bridge. A direct way to move USDC crosschain. Built and operated by Circle, USDC Bridge gives you a predictable, transparent way to move USDC between chains: → Native burn-and-mint transfers → Clear fees upfront, with live status and progress → No route

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A new proposal on @piku_dao suggests creating and bootstrapping a frxUSD/USP PegKeeper pool on @CurveFinance. We look forward to this opportunity to support Piku through productive liquidity growth. Learn more👇

Piku
Piku
@PikuFinance

Proposal 30: Joint Liquidity Incentivization: frxUSD/USP Curve Pool Pool: frxUSD/USP on Curve Frax: $100 in frxUSD/day Piku: 6,844.63 PIKU/day Goal: To bootstrap institutional-grade liquidity and enable "Yield-Stacked" opportunities for LPs 8-week co-incentive program with

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A new frxUSD market is live on Morpho. Use sUSG as collateral to borrow frxUSD with @Tangent_fi. Curated by @0xAlphaping. Get started: app.morpho.org/ethereum/marke…

Tangent
Tangent
@Tangent_fi

We are pleased to announce that $sUSG can now be used as collateral to borrow $frxUSD on @Morpho, following a curation by @0xAlphaping. - Liquidity available: 100k $frxUSD - Max loop APY: ~90% - Points for borrowers: 5 pts/day/$ Links and details below 👇

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Caps on the frxUSD/scrvUSD market on Tangent have been raised. There's still a little bit of capacity left. Get started: app.tangent.finance/0x5c996574270F…

Tangent
Tangent
@Tangent_fi

The borrow caps have been raised by 50% on the following markets: - RLUSD/USDC → Collateral APR: 6.19% || Borrow APY: 3.08% - PYUSD/USDC → Collateral APR: 5.83% || Borrow APY: 3.08% - fxUSD/USDC → Collateral APR: 3.67% || Borrow APY: 0% - frxUSD/scrvUSD → Collateral APR:

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Tangent markets are at capacity. frxUSD markets were the first to fill, as people continue to trust frxUSD as their default stablecoin.

Tangent
Tangent
@Tangent_fi

Out of 12 markets, 11 reached capacity less than 5 days post-launch. The borrowing activity demonstrated strong demand, as 2.42M $USG were minted against $2.89M worth of collateral. Stay tuned for the next cap raises.

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frxUSD is one of the most productive stablecoins you can put to work in DeFi. Now, with StableFlow, you can easily swap into frxUSD across chains in just a couple clicks. Learn more about current frxUSD opportunities👇

StableFlow
StableFlow
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You can now swap into @fraxfinance frxUSD from any chain in one click. The real question is: what do you do with it? Where to go from there ↓

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Our partnership with @piku_dao continues to expand, with high yields on @CurveFinance, and more to come. Piku joins 20+ forward-thinking DeFi protocols choosing frxUSD as their default stablecoin pair, unlocking more productive liquidity.

Piku
Piku
@PikuFinance

LIVE NOW: frxUSD/USP pool on Curve 💰 Weekly rewards: • $700 in WFRAX • 47000 $PIKU @fraxfinance + Piku aligned. 🔥 Deposit now: curve.finance/dex/ethereum/p… Upcoming Event: Piku Rush 👀

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We’re proud to welcome @0xCoinshift USPC to the frxUSD PegKeeper family. USPC brings institutional credit yield onchain. frxUSD scales it with deep, productive liquidity on @CurveFinance. Get started: curve.finance/dex/ethereum/p…

Coinshift
Coinshift
@0xCoinshift

USPC/frxUSD is now live on Curve. Coinshift & @fraxfinance enabling access to institutional credit yield from BlackRock, Fidelity, and Apollo. Credit is becoming liquid and composable.

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A new frxUSD PegKeeper pool with @ParallelMoney USDp is now live on @HydrexFi💧 frxUSD continues to grow as the trusted default for productive liquidity across DeFi. Attractive yields available now👇

Parallel
Parallel
@ParallelMoney

New CLAMM pool launching live with @HydrexFi and @fraxfinance USDp/frxUSD on Hydrex 💧 Co-incentivized by Frax, Hydrex, and Parallel, bringing another USDp and frxUSD liquidity venue to life with one of our strongest partners. APR: ⬆️197% Pool link below ⤵️

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When one of the top non-USD stablecoins, @BrzToken BRZ, looks to pair with a USD stablecoin in DeFi, they choose frxUSD. Welcome to the productive frxUSD family, @transferogroup 🤝 Together, we will help bring Brazil onchain 🇧🇷

Transfero
Transfero
@transferogroup

BRZ just entered the new FX pool on @CurveFinance on @0xPolygonFdn . 🇧🇷 Transfero joins a select group of global issuers in this move, led by @fraxfinance and @DFB_DeFi, to bring real FX markets on-chain. Our @BrzToken just got a new space in DeFi. 👇 curve.finance/dex/polygon/po…

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Our frxUSD PegKeeper pool with @Tangent_fi USG is incentivized to grow. While some stablecoins pair with frxUSD for secondary market liquidity, Tangent USG trusts frxUSD as its default stablecoin for maintaining peg. Get up to 30% APR + future $TAN allocation by LPing.

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Tangent
Tangent
@Tangent_fi

The USG/frxUSD pool has now surpassed $2M TVL on @CurveFinance. Beyond the strong APRs on @StakeDAOHQ and @ConvexFinance, depositors are also securing their $TAN allocation and farming points simultaneously. Full details & link in the quoted post below 👇

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Pre-deposits for Tangent open in one week, with frxUSD as the default stablecoin alongside USDC. Tangent builds on frxUSD PegKeeper pools on @CurveFinance, deepening frxUSD’s usage as a core DeFi stablecoin for onchain liquidity. We look forward to their successful launch.

Tangent
Tangent
@Tangent_fi

Tangent’s public Pre-Deposit campaign: Monday, May 18th. Provide liquidity with $USDC or ethereum:0xcacd6fd266af91b8aed52accc382b4e165586e29, hold your position, earn yield, and secure your share of $TAN tokens. Details below 👇

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frxUSD is now live on @0xStableFlow 🌊 Swap between frxUSD and USDC/USDT in one click across 25+ chains, powered by FraxZero and NEAR Intents. Get started: app.stableflow.ai

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StableFlow
StableFlow
@0xStableFlow

frxUSD is now live on StableFlow. Experience 1:1 rates and zero slippage when swapping USDC/USDT with frxUSD across 25+ chains. Powered by @fraxfinance and @NEARProtocol Intents. The future of stablecoin liquidity starts here.

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Protocols like @Tangent_fi continue to build on frxUSD as their default stablecoin. frxUSD is the safest stablecoin you can hold, and its yield forwarding also makes it the most rewarding. An easy choice for building a better DeFi for all. We look forward to Tangent's growth.

Tangent
Tangent
@Tangent_fi

We are proud to count @fraxfinance, an OG protocol with one of the cleanest track records in DeFi, as a major partner. Like many before us, we chose the third default. $frxUSD, their GENIUS-compatible stablecoin, is set to play a major role in Tangent’s ecosystem. - Peg Keeper:

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