According to BlockBeats, on September 10, SwissBorg, a fintech platform focusing on cryptocurrency and serving the European market, announced the launch of a yield-based USDC Earn product that leverages the Morpho protocol. This new product is now available to SwissBorg application users, providing Web2 audiences with access to a customized Morpho Vault.
SwissBorg’s USDC Earn product provides access to Morpho’s WBTC/USDC and wstETH/USDC markets, marking the first time Morpho’s Vaults will be used in a CeFi environment.
SwissBorg said Morpho Vaults provide customizable infrastructure that allows CeFi platforms to build customized products, thereby reducing the perceived risk associated with typical web3 lending protocols, which “expose all users to a wide range of assets with a single, standardized risk profile.”
