Crypto.com users can soon lend wrapped crypto assets and earn stablecoin yield through Morpho, a DeFi lending protocol on the Cronos blockchain. Wrapped assets like CDCETH and CDCBTC allow users to access DeFi lending markets without leaving the chain. Morpho has a total value locked of $7.7 billion, making it the second-largest DeFi lending protocol.

Morpho’s collaboration with Crypto.com follows a similar integration with Coinbase, enabling users to lend USDC with yields up to 10.8%. Coinbase aims to become a full-service crypto “super app,” challenging traditional banks. Banks are concerned about stablecoin competition, urging Congress to close loopholes that allow stablecoin issuers to bypass oversight.

The Genius Act, signed into law in July 2025, banned interest-bearing stablecoins but does not prohibit crypto exchanges from providing yield. Coinbase refuted claims that stablecoin growth causes deposit outflows from banks, stating that banks benefit from card processing fees that stablecoins could bypass.

Read more at CoinTelegraph: Crypto.com brings Morpho lending to Cronos for stablecoin yields