Bitso, the largest LATAM-founded exchange, now offers Earn on USDC and MXNB with @Morpho 🇲🇽💙
The Morpho liquidity flywheel on @base in action:
1- More fintechs supply USDC → deeper liquidity and cheaper borrowing for fintechs' and coinbase users
2- More borrow demand → better rates for fintech users like Bitso’s
In an open financial system, everybody wins (except legacy rails)
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¿Y si tus stablecoins pudieran más? 👀
Te presentamos #Bóvedas#: hasta 10% en MXNB y hasta 5% en USDC.
Descubre de lo que tu dinero es capaz con Bóvedas en Bitso.
Bóvedas: impulsadas por @Morpho, en @base y curadas por @gauntlet_xyz.
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Two very unique aspects of @Morpho's market & vault curation design that we dont talk about much:
1. Own your vault. When you own a Morpho Vault, the business belongs to you, not Morpho. You decide how it operates and responsibilities are delegated. Morpho has no special admin rights to take over your vault or revoke your ownership.
2. Neutral markets aggregate liquidity. No party can own the underlying markets so even users or businesses with competing interests can share the same markets. If markets were owned, it would lead to competition between markets and cause liquidity fragmentation
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Up to $500m to lend against tokenized stocks on @Morpho with @SteakhouseFi .... I am not sure the non-crypto world is ready for this very cheap cost of capital
Up to $500M to provide funding against tokenized stocks.
This is rebuilding finance ... onchain.
High-net-worth wealth is still one of the least productized categories in finance.
Excited to work with @billbar and @AbraGlobal to change that, onchain, with @Morpho.
Bitcoin yield strategy by @AbraGlobal is powered by Morpho
Morpho is already powering USDaf and ETHaf, Abra is now expanding its its tokenized yield strategy suite with Morpho to earn yield on BTC for its eligible US investors.
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Midnight is the most ambitious protocol we’ve ever built.
It’ll take months to reach its full potential, but today's $100m is a first milestone worth celebrating 🦋
Morpho Midnight has surpassed $100M in total deposits.
As users become familiar with a new market structure, the benefits of predictable rates and greater control over credit terms are becoming clear.
Onchain fixed rate markets are just getting started.
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Stock Tokens of @RobinhoodCrypto are now live on Morpho.
Holders can borrow stablecoins against their stock tokens, drawing on $1B+ supplied to Morpho on Robinhood Chain.
Much of that liquidity comes from the Robinhood App’s Earn feature powered by @Morpho, which started the flywheel: more stablecoins come onchain, liquidity gets deeper, and borrowing gets more competitive against new collateral.
(Not available to US persons or persons in other restricted jurisdictions)
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Robinhood Stock Tokens are live on Morpho
Users can now use Stock Tokens as collateral to borrow stablecoins.
Any app can integrate credit markets for Stock Tokens, with Morpho as the credit network and Robinhood Chain by @RobinhoodCrypto as the tokenization infrastructure.
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Today, we are releasing a new piece on the opportunity to bring receivables-backed credit onchain and the work we’ve been doing with Morpho Midnight to make these new markets possible!
With each new credit market we onboard, we get closer to bringing the world’s $200T of credit onchain, one loan type at a time.
More on this very soon!
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Updating the post below, since it was popular with readers.
The ability to use BTC as collateral continues to grow. This is important for any asset and it should be watched, because it increases utility and inherent value.
Coinbase recently added to its “borrow” product that lets customers borrow cash using their BTC as collateral. There are now three options. See the screenshot below (taken today).
Recap: You deposit BTC as collateral and get USDC, which is immediately convertible to USD, then a quick transfer to your linked bank account. Attractive rates. You can choose to repay the loan whenever you want, at which point you get your BTC back (so you retain any future price appreciation).
That’s a very attractive option for various types of borrowers ranging from individuals to small businesses.
I’ve been surprised by how many people -- even veterans of the BTC space -- don’t seem to be aware of how easy this process has become, or that it even exists. But make no mistake: This is huge financial innovation. And Coinbase definitely isn’t alone -- other companies also offer this product.
Keep watching as BTC collateral usage grows. Over the long term, it’s important.
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gm
Over the last 12 months, Morpho grew 53% while lending and DeFi declined -36% and -41% respectively
Birch Hill Morpho Vault just launched!
Birch Hill created new kinds of isolated lending markets on Morpho: Boston apartments as onchain collateral!
The Birch Hill Groma Ecosystem Vault is live on @base, powered by @morpho.
Open access to USDC lending backed by @gromacorp's Boston and Providence apartment buildings, with NAV published onchain by @ChronicleLabs Proof of Asset.
Restrictions may apply.
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Morpho is already supporting $OUSD on @Tempo ! More soon!
Tempo is the first chain where you can lend and earn with OUSD.
Enterprises and fintechs can now offer earn products to their customers with OUSD on @Morpho.
Love Coinbase’s USDC lending and crypto-backed loans, both powered by @Morpho? @Base just made it easy to offer Morpho in your own app.
Your users get access to $5B+ in deposits on Morpho on Base, the deepest USDC lending liquidity onchain.
Coinbase strategy is an absolute positive-sum masterclass:
→ Each new integrator adds liquidity to Morpho, which makes Coinbase’s own consumer lending products better
→ Every Coinbase user who lends or borrows deepens that Morpho liquidity, which makes things better for every partner building on Base.
Each side makes the other stronger.
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Introducing Earn & Borrow
An end-to-end stack to offer your customers stablecoin yield and loans against their crypto
Spreads on Morpho Midnight are tightening. Several markets now have tens of millions in liquidity available to borrow at low, fixed rates, on multiple collaterals and chains.
Very excited to welcome @brian__foster to lead our GTM org at Morpho!
Brian joins from Coinbase, where he helped build the infrastructure business from the ground up and closed major deals with some of the world’s largest financial players.
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I’m excited to share that I’ve joined @Morpho to lead all things commercial as Head of GTM.
@PaulFrambot and team are visionaries and world-class builders. It’s a privilege to team up with them.
What’s Morpho?
Morpho is an open credit network that enables people and agents to build customizable onchain lending, borrowing, and yield products.
Morpho protocols, smart contracts, and blockchains are the infrastructure making it possible. Morpho is a pure technology layer, with composability and security at the center of its design.
The why
Morpho makes it dead simple for our partners - fintechs, brokerages, exchanges, and banks - to build revenue-generating products that help their users put their assets to work. In parallel, this helps unlock new distribution for lenders and asset issuers.
Historically, spinning up credit products meant building pricing, risk and liquidation systems from scratch, and spending months on integrations before the first loan went out.
Morpho collapses this into open infrastructure: liquidity, rates, and liquidations run onchain, in markets anyone can access.
We’re growing
More than $17B is now deposited on Morpho protocols, up 3.4x since the beginning of 2025.
So far, BTC, USDC, ETH and other stablecoins have anchored most of that growth. But these assets have also laid the foundation for what's coming next, by getting institutions comfortable with onchain infrastructure…
The onchain collateral supernova
…Now, Wall Street is racing to tokenize treasuries, funds, credit, and equities. “Crypto native” collateral will keep growing, but the tokenization wave has the potential to be orders of magnitude larger.
Onchain credit markets will accelerate tokenization growth because they make tokenized assets more productive: they becomes programmable collateral that people can borrow against 24/7, in seconds.
In the not so distant future, we’ll have tens of thousands of tokenized assets and $ trillions more in value onchain. Humans and agents will flock to the fastest and most composable system.
In credit, Morpho is poised to be that system.
First orders of business
It’s day one for me, but it’s already clear a lot of my work will rhyme with what I focused on over the last 7+ years scaling Coinbase’s institutional and infrastructure businesses: helping make our partners successful.
Over the next few weeks, I’ll be on a listening tour. If you’re working on credit products - as a fintech, lender, curator, asset issuer or something else - drop me a line. We want to hear from you and help you grow.
Last but not least: we’re hiring! …Across GTM and beyond. Come get in touch if you’re as excited about the Morpho vision as I am.
Let’s go.
More
- API docs [
- About Morpho [
- Our recent $175M raise from a16z, Ribbit Capital, Paradigm, Apollo, and others [
- Open roles [
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This is crazy how Base is so underlooked
Another Morpho integration in APAC! This time by @SoSoValueCrypto, curated by @UnifiedLabs_ !
SoDEX Wealth Earn, powered by Morpho
@SoSoValueCrypto, the one-stop research, wealth management and trading ecosystem built on Value Chain, now provides its users access to onchain yield curated by @UnifiedLabs_ directly in the @sodex_official interface
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I think crypto founders’ lack of long-term ambition did more to erode this industry’s talent density than we admit.
Crypto is fundamentally trust infrastructure. Building something that meaningfully improves the financial system is a (long) compounding game. It takes a decade of focus.
But when prices go crazy every year, there are endless ways to make stupid money: speculation, advisory gigs, scattered investments, farming. It’s been very easy to get distracted.
The good news: it’s gotten SO MUCH better. Many short-sighted founders and projects have moved on.
Tangible impact attracts the best people. And we’re finally seeing concrete improvements in payments, financing, and trading from bringing them onchain.
As an industry, we should do more to make those improvements visible. Our “ChatGPT moment” will come when people open their financial app and feel a step change in what they can do and at what price, without needing to know that stablecoins, DeFi, or tokenized stocks made it possible.
I think we’re close. That’s what will drive the next wave of adoption, and make the most ambitious people want to build here.
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Thanks to everyone who joined us at @Vault__Summit Singapore!
We keep getting asked why Morpho hosts a Vault Summit when we say our focus is primarily credit markets, not vaults.
TLDR: If Vaults win, Onchain Credit wins.
Bringing $200T of global credit onchain will take millions of credit markets, enough to serve every risk profile and every financing need. Thousands already run on Morpho, and they’re getting more sophisticated, like Morpho Midnight markets.
Vaults are how a lot of that liquidity is coordinated and reaches markets in an efficient way.
We built Morpho Vaults as open source so the curators a distributors ecosystem could grow.
We think onchain vaults and curation will become one of the biggest categories in the industry, and it deserves its own stage. Hence Vault Summit. See you at the next one!
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