“We noticed that billions in USDT were sitting idle in users’ wallets for over six months,” said Trust Wallet CEO Eowyn Chen, commenting on the launch of the new Stablecoin Earn feature. According to her, the team’s goal is to help asset holders start earning without losing control of their funds.

As Chen explained — “Now there’s no need to dive into complex DeFi mechanics. Just deposit stablecoins and earn rewards directly from the wallet — no lockups or intermediaries.” All operations are onchain, and the feature supports Ethereum, BNB Chain, Arbitrum, and Base.

The solution is powered by Kiln’s infrastructure and the Morpho protocol, which offers users bonus MORPHO tokens for participating in select vaults. “We’re happy that Trust Wallet chose Morpho as its core earning tool,” added Morpho Labs CEO Paul Frambot.

The feature is not available to users in the United Kingdom and the U.S.