Trezor adds native USDC, USDT yield via Morpho
Trezor integrated Morpho into Trezor Suite, letting users deposit USDC and USDT into curated Morpho vaults and sign transactions directly on their hardware wallets.
Trezor announced Thursday that it has integrated the Morpho lending protocol into Trezor Suite, adding native USDC and USDT yield options to its desktop and mobile apps.
The integration allows users to deposit USDC and USDT into preselected Morpho vaults and to complete deposits, withdrawals and reward claims with transactions signed on a Trezor hardware device.
The device displays transaction details in a human-readable format through a clear-signing interface, so users approve transactions on the hardware wallet rather than in an external application.
At launch Trezor enabled two Morpho vaults curated by Steakhouse Financial, branded USDC Prime and USDT Prime. The company noted returns in those vaults come from borrowing demand on Morpho rather than from protocol token incentives.
Users can access the vaults without connecting external wallets or opening separate decentralized finance applications.
Morpho is built on Ethereum and operates as a decentralized lending protocol. Trezor is one of the largest hardware wallet providers and is widely regarded as the second-largest after Ledger.
Other wallet providers already offer native stablecoin yield. Ledger Live integrates Kiln with protocols including Morpho, Aave and Compound to provide yield options inside its app.
Stablecoin yield products show wide variation in rates. CoinMarketCap data indicate USDC yields can differ across platforms and market conditions, with some offerings reaching double-digit annual returns. Risks include smart contract vulnerabilities, liquidity stress and exposure to centralized stablecoin issuers or counterparties.
Ethereum co-founder Vitalik Buterin wrote that many ‘USDC yield’ strategies remain dependent on centralized issuers and may not adequately address counterparty risk. He proposed alternatives such as ether-backed algorithmic stablecoins and overcollateralized stablecoins backed by real-world assets.
The feature is available now in Trezor Suite’s desktop and mobile applications, the company announced Thursday.
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