sthUSD / USDT0 on Stable
A Morpho market on Stable where people borrow USDT0 against sthUSD. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 7.74% a year and borrowers pay 8.65% right now.
Data from Morpho's API · updated
Borrow APY
8.65%
30-day average 8.78%
Supply APY
7.74%
30-day average 7.84%
Supplied
$16.48M
16.50M USDT0
Borrowed
$14.82M
90.0% utilization
Available to borrow
$1.66M
free liquidity right now
Collateral posted
$20.99M
20.60M sthUSD
sthUSD / USDT0 rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
sthUSD / USDT0 interest rate curve
What borrowers would pay at each utilization level, with today's settings
Borrow APY Supply APY
At the 90% target, borrowers pay 8.65% right now. Below it the rate falls to as little as a quarter of that; above it, it climbs to four times that when the market is fully borrowed. The curve itself also moves: while utilization stays above 90% the whole curve drifts up, and below 90% it drifts down. How Morpho interest rates work.
Liquidation map
How much sthUSD collateral could be liquidated if its price fell by each amount
Based on today's loans and today's sthUSD price in USDT0. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 86%fixed for the life of the market |
|---|---|
| Liquidation bonus | 4.38%extra collateral a liquidator receives |
| sthUSD price in USDT0 | 1.02 USDT0the market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xD149…254c |
| Price feeds | 0xb811…C2Db |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDT0price $0.9990 |
|---|---|
| Collateral | sthUSDprice $1.0187 |
| Borrowers | 4 |
| Created | May 11, 2026 |
| Market ID | 0x912a0cfb…9828fd |
| Rate model | 0x41e8…940f |
| sthUSD token | 0xd1dB…d540 |
| USDT0 token | 0x779D…3736 |
Vaults lending here
$16.42M of the $16.48M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| StableEarnV2lends directly | $16.42M |
Largest borrowers
4 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xd439…Fee0 | $13.08M | 1.22 |
| 0x45Ad…E9ac | $1.60M | 1.25 |
| 0xC8E2…ffe6 | $153K | 1.05 |
| 0xB47f…0F1F | $0 | 1.87 |
Health is collateral value times the LLTV, divided by the debt. Below 1.00 a loan can be liquidated.
Recent liquidations here
None recorded in the last 90 days
About the sthUSD / USDT0 market
The sthUSD / USDT0 market on Stable was created on May 11, 2026. Anyone can lend USDT0 into it, and anyone holding sthUSD can borrow that USDT0 against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $16.48M is supplied and $14.82M borrowed, so 90.0% of the market is in use, backed by $20.99M of sthUSD from 4 borrowers. Borrowers pay 8.65% a year, 8.78% on average over the last 30 days. Lenders earn 7.74%.
1 listed vault lends here, providing $16.42M of the supply; the largest is StableEarn. Liquidators who close an unsafe loan here receive a 4.38% bonus in sthUSD. If sthUSD fell 20% against USDT0, about $18.66M of collateral would be at risk of liquidation.
sthUSD / USDT0 on Stable: quick answers
What is the USDT0 borrow rate against sthUSD on Morpho Stable?
In this market it is 8.65% a year right now, and it averaged 8.78% over the last 30 days. The rate is variable: it follows how much of the market's USDT0 is borrowed, rising quickly above 90%.
When are sthUSD / USDT0 loans liquidated?
When a loan reaches 86% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes sthUSD worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if sthUSD fell to about 0.593 USDT0.
How much USDT0 can be borrowed here right now?
$1.66M is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the sthUSD / USDT0 market?
Lenders earn 7.74% a year right now (7.84% averaged over 30 days). Most lend through vaults, such as StableEarn, which spread deposits across several markets.