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SwissBorg launches USDC Earn product based on Morpho, the first implementation of CeFi integration by Morpho Vaults
BlockBeats News: On September 10, SwissBorg, a fintech platform focused on Cryptocurrency and serving the European market, announced the launch of a yield-based USDC Earn product that leverages the Morpho protocol. This new offering is now available to SwissBorg app users, providing Web2 audiences with access to a custom Morpho Vault. SwissBorg's USDC Earn product provides access to Morpho's WBTC/USDC and wstETH/USDC markets, marking the first time Morpho's Vaults have been used in a CeFi environment. SwissBorg said Morpho Vaults provides customizable infrastructure that allows CeFi platforms to build custom products that drop the perceived risk associated with typical web3 lending protocols that "expose all users to a wide range of assets with a single, standardized risk profile".