Trading Strategy co-founder: Polygon's practice of using user-bridged USDC deposits for funding markets such as Morpho is risky

Mikko Ohtamaa, co-founder of Trading Strategy, criticized Polygon for using user-bridged USDC deposits in funding markets (such as Morpho), arguing that this move poses multiple risks: Although the Polygon bridge is controlled by a multi-signature wallet, the operation breaks users' trust in self-custody; The flow of billions of dollars in funds may attract high attention from regulators and the media; Users do not seem to have any choice in the matter (for example, trading on Blast is clear); The bridged USDC is used for lending services on Polygon and in Morpho on the mainnet. Mikko suggested that Polygon explore more transparent ways, such as launching an independent bridge service that allows users to choose to exchange USDC for "Polygon yield-based USDC." Circle has launched a non-bridged version of USDC on Polygon, but it has not been widely adopted because it was launched late and is incompatible with the bridged version of USDC. If users make an exchange, they may exchange it for native USDC.