Crypto.com Expands Decentralized Financial Offers with Morpho Integration
Crypto.com has taken a significant step in expanding its decentralized financial offerings by integrating Morpho, the second-largest DeFi lending protocol, into its platform. This move enables users to borrow stablecoins against wrapped assets, such as wrapped Ether (wETH) and wrapped Bitcoin (wBTC), on the Cronos blockchain.
Key Highlights of the Integration
The integration of Morpho into Crypto.com allows users to lend stablecoins against wrapped assets, such as wETH and wBTC, on the Cronos blockchain. This move is expected to bring stablecoin credit markets to Cronos later this year. According to Merlin Nachitite, co-founder of Morpho, the initiative aims to provide a seamless front-end experience driven by decentralized infrastructure.
Benefits for Users
With this integration, users can wrap their ETH and BTC assets, deposit them, and borrow stablecoins against them to generate earnings. This feature enables users to interact with DeFi protocols on the Cronos blockchain without bridging native tokens. By storing funds within the Cronos ecosystem, Crypto.com aims to optimize the lending process and deepen engagement with its native chain.
Morpho’s DeFi Lending Protocol
Morpho currently holds a total value of over $7.7 billion, making it the second-largest protocol in the DeFi lending space, according to Defillama. The protocol corresponds to lenders and borrowers across protocols such as AAVE and Compound, optimizing rates through its peer-to-peer layer.
Availability of Services to US Users
Notably, Morpho’s services are available to US users despite the restrictions imposed by the Genius Act, which was signed into law in July 2025. The Act prohibits stablecoin issuers from paying yields directly. However, Nachitite clarified that the lending of stablecoins represents a distinct activity from achieving reserve yields, making it legally permissible.
Competition in the DeFi Space
This integration is the second major exchange integration of Morpho in recent weeks. On September 18, Coinbase integrated the protocol into its app, allowing users to stake USDC via Vaults managed by Steakhouse Financial. The platform advertises potential yields of up to 10.8%, far exceeding the 4.5% offered by standard USDC rewards.
Banks’ Growing Interest in Stablecoins
Meanwhile, traditional banks are increasingly turning to stablecoins as competition in the financial sector grows. In August, Citigroup CEO Jane Fraser confirmed the bank’s plans to issue a Citi Stablecoin, while JPMorgan has started offering JPMD deposit tokens for institutional blockchain payments.
For more information on this development, please visit: https://cryptonews.com/news/crypto-com-to-launch-crypto-lending-and-stablecoin-yields-via-morpho-on-cronos/
