- What is Stablecoin Earn and How Does It Work?
- Key Benefits for Users
- Risks and Limitations
- Why the Market Needs This — and What’s Next
At the end of April 2025, Trust Wallet, one of the world’s most popular non-custodial Web3 wallets, announced the launch of Stablecoin Earn — an innovative new feature for earning passive income on stablecoins directly within the app. This move reflects both the growing maturity of the digital asset market and the increasing demand for simple, secure ways to earn yield within the crypto ecosystem.
Stablecoins have long been viewed as a safe haven against the volatility of crypto markets, commonly used to park funds during uncertain times. But between 2024 and 2025, the stablecoin market ballooned from $160 billion to over $230 billion, becoming a foundational element for new financial services. Despite this, billions of dollars in stablecoins remain idle in users’ wallets, representing missed opportunities for earning potential.
What is Stablecoin Earn and How Does It Work?
Stablecoin Earn is a built-in feature in Trust Wallet that allows holders of popular stablecoins like USDT, USDC, DAI, and USDA to passively earn yield, without leaving the app or dealing with the complexities of DeFi protocols.
Key features include:
– Multi-chain support: At launch, the feature is available on Ethereum, BNB Chain, Arbitrum One, and Base.
– Flexible access: No lock-up periods — users can deposit or withdraw funds at any time.
– Self-custody: Trust Wallet never controls user funds. Assets remain fully under the user’s control at all times.
– User-friendly experience: Start earning in just a few clicks — no need to connect to external dApps or approve multiple transactions.
– Bonus rewards: Users can earn additional MORPHO tokens on top of their base yield in certain strategies.
Powered by Kiln and Morpho
To bring Stablecoin Earn to life, Trust Wallet integrated the infrastructure from leading DeFi platforms Kiln and Morpho.
Kiln is a digital asset management platform that automates access to a variety of yield strategies, making DeFi participation simpler and removing technical barriers.
Morpho is a decentralized lending protocol offering competitive yields along with extra token incentives (MORPHO tokens).
This setup enables even complete beginners to start earning on their stablecoins, without needing to dive into the intricacies of DeFi.
Key Benefits for Users
Complete Control and Transparency
Stablecoin Earn is powered by smart contracts, ensuring no third-party interference. Users always know where their funds are and how they’re being used, with full visibility into performance and risk.
Accessible and Convenient
Everything happens within Trust Wallet — a platform trusted by over 200 million users worldwide. Even newcomers can start earning in just minutes.
No Hidden Fees or Lock-Ups
Unlike centralized services, there are no hidden middlemen or mandatory freeze periods. Users can respond to market conditions instantly.
Extra Earning Potential
Beyond the base yield, participating in select “vaults” unlocks access to additional rewards like MORPHO tokens, boosting overall returns.
Risks and Limitations
Despite its simplicity and safety focus, DeFi strategies still carry inherent risks: smart contract vulnerabilities, protocol failures, governance changes, and fluctuating yields. Users are advised to diversify their earning strategies and carefully choose the protocols they interact with.
Additionally, at the time of launch, Stablecoin Earn is unavailable to users in the UK and the US due to regulatory restrictions.
Why the Market Needs This — and What’s Next
The launch of Stablecoin Earn is more than just a new product feature — it’s a meaningful step toward the mainstream adoption of DeFi. Now, even so-called “holder-ish” users who aren’t interested in active trading can put their digital dollars to work without sacrificing security or control.
“We want your assets to work for you, not sit idle. Stablecoin Earn is a simple, secure way to start earning without leaving your wallet,” said Eowyn Chen, CEO of Trust Wallet.
Looking ahead, Trust Wallet plans to expand support for additional stablecoins and blockchains, and integrate new protocols to offer even higher yields and greater flexibility.
