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Crypto.com Morpho lending goes live on Cronos, enabling users to earn stablecoin yields on wrapped BTC and ETH while expanding DeFi access.
Author: Akshat Thakur
Published On: Fri, 03 Oct 2025 09:58:34 GMT
October 3, 2025 — Crypto.com has announced the integration of the Morpho lending protocol into the Cronos blockchain, allowing users to earn yield on stablecoins by depositing wrapped ETH and BTC. The move mirrors Coinbase’s recent adoption of Morpho and underscores a growing trend among exchanges seeking to bring DeFi lending directly into user platforms.
Crypto.com Morpho lending will open stablecoin markets on Cronos later this year. Users who deposit wrapped assets like CDCETH and CDCBTC will be able to borrow stablecoins and earn yield through Morpho vaults. The integration will be built directly into the Crypto.com platform, allowing users to access DeFi markets without needing external wallets or complex setups.
Morpho has quickly risen to become the second-largest DeFi lending protocol, with a total value locked (TVL) of $7.7 billion. By extending its infrastructure to Cronos, Crypto.com Morpho lending positions itself as a direct challenger to traditional banking yield models and other blockchains like Ethereum. This move also follows Coinbase’s Morpho integration, reinforcing the protocol’s credibility and adoption momentum.
Despite the Genius Act banning interest-bearing stablecoins in the US, Crypto.com Morpho lending remains compliant because yields come from lending activity, not reserve payouts.
This distinction ensures US users can legally access lending markets on Cronos, with potential yields exceeding 10%. For Crypto.com, this deepens its push toward becoming a full-service DeFi gateway and competing directly with banks.
The integration comes at a time of heightened debate between banks and crypto firms over stablecoin growth. Traditional banks argue that stablecoins drain deposits from the financial system, while exchanges like Coinbase and Crypto.com counter that stablecoins reduce fees and improve access. By embedding Morpho into Cronos, Crypto.com is signaling that the future of yield generation lies in on-chain lending, not legacy finance.
Traditional banks have pushed back. The Bank Policy Institute warned Congress that stablecoins could siphon trillions in deposits from the U.S. banking system. Coinbase, however, countered that these claims are exaggerated, pointing instead to entrenched banking fees that stablecoins could bypass.
Real voices. Real reactions.
@cryptocom @cronos_chain @MorphoLabs Seamless until the APR patch notes drop
@cryptocom @cronos_chain @MorphoLabs Great partnership congratulations to you guy's
@cryptocom @cronos_chain @MorphoLabs App-based borrowing feels much safer for many
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