According to BlockBeats, on September 10, SwissBorg, a fintech platform focused on cryptocurrency and serving the European market, announced the launch of a yield-generating USDC Earn product utilizing the Morpho protocol. This new product is now available to SwissBorg app users, providing Web2 audiences with access to the customized Morpho Vault.
SwissBorg's USDC Earn product can access Morpho's WBTC/USDC and wstETH/USDC markets, marking the first time Morpho Vaults are used in a centralized finance (CeFi) environment. SwissBorg stated that Morpho Vaults offer customizable infrastructure, allowing CeFi platforms to build tailored products. This approach aims to reduce the perceived risks associated with typical Web3 lending protocols, which expose all users to a broad range of assets under a single, standardized risk profile.
