12+
2M+
100%
stablecoin yield
Earn on your USDC and USDT
Put your stablecoins to work on Ethereum. Grow your balance while keeping full control. No DeFi expertise required.
Earn yield on stablecoins, secured by your Trezor
Deposit USDC and USDT on Ethereum, earn yield, and withdraw whenever you want. All without leaving the security of Trezor Suite.
Earn in a few clicks
Nothing new to install or set up. Open Trezor Suite, deposit stablecoins, and watch your balance grow.
Hardware security
Your keys stay on your Trezor. Review and approve every action in plain language on the screen.
Safer by design
Everything happens inside Trezor Suite. Skip the sketchy sites and the shady browser extensions.
Stay in control
You decide when to deposit and withdraw. No lockups, waiting periods, or middlemen.
Earn yield in 3 easy steps
1
Log in to your Trezor Suite and click Deposit
2
Enter the amount of USDC or USDT on Ethereum you want to deposit
3
Follow the in-Suite instructions and begin earning rewards
Powered by Morpho
We partner with Morpho, a leading lending protocol on Ethereum.
Proven lending infrastructure
Morpho has provided onchain credit infrastructure since 2022.
Low-risk vaults
Trezor uses Steakhouse Prime Vaults on Morpho optimized for stable, low-risk returns.
Billions in stablecoin assets
Depositors from around the world have put their stablecoins to work on Morpho.
Transparent security
The vault contracts are audited, non-upgradeable, and publicly verifiable on Ethereum.
Your questions, answered
What is stablecoin yield?
Stablecoin yield is the interest you earn by lending your stablecoins through a DeFi protocol. Instead of sitting idle, your capital is put to work in a lending market where borrowers pay interest to access it. That interest is passed back to you as yield, with rates that reflect real borrowing demand on-chain. It is a simple way to securely earn income on your stablecoins.
Which stablecoins can I earn yield on with Trezor?
At the moment, you can earn USDT and USDC yield on Ethereum.
How does stablecoin yield work in Trezor Suite?
Your stablecoins are deposited into a Morpho Prime Vault, a curated lending market on Ethereum, allowing you to generate yield on stablecoins in a cold wallet. Borrowers pay interest to use your capital, and that interest becomes your yield.
Do I keep control of my stablecoins when earning yield?
Yes. Only your Trezor can approve movements from the vault. No one else has that authority, not even Trezor as a company. You hold the only keys that matter.
How and when is stablecoin yield paid on Trezor?
Your yield accrues continuously and is reflected in your vault balance automatically. There’s nothing to claim. When you withdraw, you receive your original deposit plus the stablecoin rewards you’ve earned. Processing times may vary slightly with Ethereum network conditions.
What is Morpho and how safe is it to use?
The Morpho DeFi protocol is a decentralized lending platform. It is one of Ethereum’s largest stablecoin lending protocols, live since 2022 and tested across market cycles. Prime Vaults are curated by Steakhouse Financial, and contracts are audited, non-upgradeable, and publicly verifiable on Ethereum.
What is a curator, and who is Steakhouse Financial?
A curator is the entity that defines how a Morpho vault operates. They select lending markets, determine accepted collateral, and manage risk as conditions change. The vaults available in Trezor Suite are curated by Steakhouse Financial, which manages over $1B in deposits across multiple networks and focuses on generating reliable yield from established lending markets.
What are the risks of earning yield on stablecoins?
Smart contract vulnerabilities and extreme market conditions can affect lending vaults on any protocol. Trezor protects how you interact with the vault. Your keys stay offline, every transaction is approved on your device, and Trezor Suite only connects to audited contracts. What Trezor cannot do is eliminate the risks inherent to DeFi lending itself. Morpho Prime Vaults are chosen for their conservative design and audit history, but no protocol is risk-free.
Can I withdraw my stablecoins anytime without Trezor Suite?
Your vault position is held in standard ERC-20 tokens on Ethereum. If Trezor Suite is ever unreachable, you can withdraw using any compatible interface that supports Morpho, signing with your Trezor device as usual. You are never dependent on Trezor Suite to access your funds.
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