A crypto trading and payments platform targeting Latin America has unveiled Earn+, a feature powered by Morpho.
Earn+ introduces a fresh option for high-yield decentralized finance lending to users throughout Latin America. This integration seeks to equalize access to passive income opportunities by merging the intuitive experience of centralized finance with the yield-maximizing capabilities of decentralized finance.
Morpho stands out as the second-largest decentralized lending protocol, boasting over $5 billion in deposits. It has garnered trust from industry giants like Coinbase, which utilizes Morpho for its Bitcoin-backed loan services.
Enhancing usability in traditional finance
With Morpho integrated into the TruBit Wallet and TruBit Pro Exchange, users gain access to institutional-level yield strategies without having to engage directly with DeFi protocols.
As cryptocurrency adoption continues to rise in Latin America, offerings like Earn+ may help position TruBit as a key player in linking fiat currency with crypto assets. Targeting markets in Mexico, Argentina, Brazil, and Colombia, TruBit aims to provide compliant, cutting-edge financial services suited to the region’s expanding digital economy.
Maggie Wu, Co-Founder and CEO of TruBit, emphasized that this integration marks a significant advancement for financial tools available in Latin America.
“We’re making high-yield decentralized finance more accessible to users in LATAM,” Wu stated. “Earn+ allows them to earn passive income effortlessly while ensuring flexibility and security in managing their assets.”
Paul Frambot, CEO of Morpho, noted that the collaboration has enabled TruBit to build more efficiently and cost-effectively while minimizing the risks associated with upgradeable DeFi protocols.
“Morpho’s immutable infrastructure has allowed TruBit to retain full ownership of its product while granting users access to the most favorable risk-adjusted yields available on-chain,” Frambot explained.