Earn Yield on Stablecoins with Trezor

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.

Trezor hardware wallet alongside USDC and USDT stablecoin tokens

Earn yield in 3 easy steps

Log in to your Trezor Suite and click Deposit

Enter the amount of USDC or USDT on Ethereum you want to deposit

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.

Stablecoin Yield in under 5 minutes

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 Steakhouse Prime Vaults on Morpho 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 you can approve movements of your positions from the vault. No one else has that authority. You hold the keys.

How and when is stablecoin yield paid on Trezor?

Your yield compounds 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 and chosen fee.

What is Morpho and how safe is it to use?

The Morpho DeFi protocol is a decentralized lending protocol. It is one of Ethereum’s largest stablecoin lending protocols, live since 2022 and tested across market cycles. The Prime Vaults chosen by Trezor 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 configures risk parameters and allocation rules of a Vault smart contract. They select lending markets, determine accepted collateral, and curate risk as conditions change. The vaults available in Trezor Suite are curated by Steakhouse Financial, which curates almost $2B 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 Prime Vaults curated by Steakhouse on Morpho. 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. Prime Vaults are chosen for their safe market exposure, but no protocol is risk-free. Yield is variable and not guaranteed.

Can I withdraw my stablecoins anytime without Trezor Suite?

Your vault position is held in standard ERC-20 tokens on Ethereum. If Trezor Suite were ever unreachable, you could withdraw using any compatible interface, signing with your Trezor device as usual. You are never dependent on Trezor Suite to access your funds. Withdrawal is subject to vault liquidity.