Trezor has added yield products for USDT and USDC to Trezor Suite. Now, stablecoins can be deposited directly from the wallet app, without switching to separate DeFi services or connecting third-party wallets.
The idea is simple: make DeFi less intimidating for the average user. Many people are still put off by extra connections, complex interfaces, and the risk of signing the wrong transaction. Trezor is trying to solve this problem within its own ecosystem.
The feature works through Morpho, a lending protocol on Ethereum. Two products are already available in Trezor Suite: USDC Prime and USDT Prime. They are managed by Steakhouse Financial.
Yield here comes from borrowers within Morpho. They take liquidity and pay for its use. So, it’s not about temporary bonuses or token giveaways, but about the functioning of the lending market itself.
All operations are confirmed through the hardware wallet. This applies to deposits, withdrawals, and receiving accrued yield. Before confirming, the user sees all the details of the operation on the device screen in a clear format.
For Trezor this is another step beyond simple cryptocurrency storage. Hardware wallets are increasingly turning into asset management apps: with exchange, staking, and DeFi access.
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Ledger is already following a similar path. Ledger Live offers yield instruments based on Morpho, Aave, Compound and other protocols. So, competition among wallets is now not only about security, but also about convenience.
Yield on Stablecoins Is Becoming a Separate Market Segment
Stablecoins are increasingly used not just for storing dollars in crypto. Owners of USDT and USDC want these assets to generate income, so demand for such products is growing.
Rates can vary greatly depending on the platform and market situation. Sometimes, yields look especially attractive, but there are still risks behind them.
The main ones are smart contract bugs, lack of liquidity, problems with the protocol itself, or dependence on the companies that issue stablecoins.
This was recently mentioned by Vitalik Buterin. He noted that many yield products for USDC are called DeFi, but in reality they are still heavily tied to centralized issuers and counterparties.
Buterin believes that other models are closer to the idea of decentralized finance. For example, algorithmic stablecoins backed by ETH or stablecoins backed by real-world assets with excess collateral.
According to his logic, such options are less dependent on individual companies and better align with the original purpose of DeFi .
