Lending protocol Compound will shut down its USDC market on Scroll.

on November 8, the Compound Foundation announced that its USDC market deployed on Scroll will be shut down, and borrowers should repay their loans as soon as possible. The foundation stated that in the coming weeks, any outstanding loans will be liquidated; as loans are repaid or liquidated, suppliers will be able to withdraw their funds.

The announcement was published on November 6, prior to which Scroll had already requested users to manage their DeFi positions.