Morpho Midnight has made all USDC markets on Morpho Blue available through its platform, enabling individual and multi-market limit orders for fixed-rate lending. Users can access USDC markets paired with cbBTC, WBTC, wETH and tokenized stocks through Midnight’s fixed-rate, fixed-term architecture. Unlike variable-rate platforms such as Aave, Compound and Morpho Blue, which use algorithmic rate-setting or open-term structures, Midnight uses peer-to-peer matching in which users specify rates and maturities. Multi-market offers let one pool of capital quote liquidity across several markets, while callbacks keep funds productive until a match occurs. Midnight launched publicly on July 21, 2026, on Base with cbBTC/USDC markets, then expanded to Ethereum on September 8 with WBTC and cbBTC pairings. Morpho Blue has more than $5.2 billion in outstanding loans and over $16 billion in deposits, while Morpho Midnight had approximately $30 million in deposits as of late September 2026, about 0.2% of Morpho Blue’s deposit base. The integration gives Midnight access to Morpho’s broader ecosystem and existing infrastructure as it seeks the liquidity density needed for fixed-rate markets to become meaningful rather than niche.