Trust Wallet Officially Launches “Stablecoin Earn” – Maximize Profits from Stable Assets Without Leaving the Wallet
Trust Wallet – the world’s leading self-custody Web3 wallet with over 200 million users – has just announced the launch of Stablecoin Earn, a new tool that allows users to earn passive profits from stablecoins in a seamless and completely decentralized way.
With the goal of turning “sleeping” stablecoins into profitable assets, Stablecoin Earn allows users to deposit USDC, USDT, DAI and USDA on major blockchains such as Ethereum, BNB Chain, Arbitrum and Base. This feature has no lock-up period, allows deposits/withdrawals at any time and requires absolutely no third-party supervision.
“Billions of on-chain USDT held by Trust Wallet users have been dormant for a long time, despite the market recovery. We want to change that by helping users extract value from their assets through secure on-chain strategies,” said Eowyn Chen, CEO of Trust Wallet.
How it works
Stablecoin Earn integrates directly into the Trust Wallet app, allowing users to start earning with just a few simple steps. There is no need for complex DeFi setups or transferring assets out of the wallet – everything happens transparently and decentralized on-chain.
Users can:
- Earn passive income from stablecoins without trading
- Deposit/withdraw flexibly at any time
- Access multiple DeFi protocols with just one app
- Earn additional rewards, such as MORPHO tokens from selected vaults
- Full control of assets, no third-party custody required
Strategic Partnerships: Kiln and Morpho
To ensure a smooth and reliable experience, Trust Wallet has integrated with Kiln, a leading DeFi infrastructure platform. Kiln powers the Stablecoin Earn backend, giving users access to on-chain yield strategies securely and automatically, while hiding the technical complexity of DeFi.
In addition, Trust Wallet has partnered with Morpho, the second largest lending protocol on Ethereum. By participating in vaults supported by Morpho, users have the opportunity to earn rewards in MORPHO tokens — a form of incentive to increase the attractiveness of the product.
“Morpo’s choice as the default Stablecoin Earn feature demonstrates our shared commitment to bringing DeFi yields to the masses,” said Paul Frambot, CEO and co-founder of Morpho Labs.
“Kiln is honored to continue working with Trust Wallet to bring decentralized finance to the masses,” said Laszlo Szabo, CEO of Kiln.
Easy to get started, seamless experience
Stablecoin Earn is now available on the Trust Wallet app (excluding regions such as the UK and US). Users simply need to update or download the app to start earning from stablecoins.
About Trust Wallet:
Trust Wallet is a self-custodial Web3 wallet that gives users full ownership and control of their digital assets, enabling storage, dApp access, NFT trading, staking, and rewards – all in one app.
About Kiln:
Kiln is a leading digital asset rewards platform, managing over $11 billion in staking assets and operating over 50,000 validators on Ethereum, with a reputation for high stability and security.
About Morpho:
Morpho is a permissionless DeFi protocol, currently the top lending platform on Base and top 2 on Ethereum. Morpho provides an optimized lending and borrowing experience, while providing a customizable infrastructure for businesses to build DeFi products.