Merlin explains how Morpho’s on-chain lending network scales stablecoins via DeFi protocols. With nearly $13 billion in total deposits, Morpho positions itself as open, permissionless, and non-custodial infrastructure for lending, borrowing, and yield generation on stablecoins. The session walks through real-world use cases, including a Coinbase integration for instant USDC borrowing against BTC, and other institutional deployments, highlighting how banks and fintechs can leverage Morpho to unlock liquidity and drive user growth.
5 Key Takeaways:
- Morpho as institutional on-chain lending infrastructure: trusted, open, non-custodial for stablecoins and lending.
- Real-world integrations: Coinbase’s one-click USDC borrowing against BTC demonstrates seamless DeFi-backed fiat access.
- On-chain architecture: Vaults, Markets, and Morpho Vaults provide modular, isolated components for banks and fintechs.
- Compliance flexibility: Configurable KYC/AML gates and governance controls for enterprise use.
- Bank-ready vision: From consumer loans to tokenized assets, Morpho envisions a future where traditional banks leverage DeFi liquidity at scale.
Timestamps:
0:00 Introduction and agenda
0:09 Merlin on Morpho and use cases
0:22 Morpho overview: on-chain lending network
1:33 Case study: Coinbase integration for USDC borrowing
4:01 Earn and borrow use cases with Morpho
5:08 Architecture: Vaults, Markets, and Morpho Vaults
9:02 Compliance and governance
9:55 Bank integration vision: traditional lending meets DeFi
12:30 Competitive differentiation: immutability and isolated markets
15:02 Q&A prep and next steps
This presentation is part of the Industry Call on "Winning the Stablecoin Race: How Banks and Nations Compete," which is one of many events during the Tokenization Season, Europe's largest event series on the state of tokenization.
Watch, read and participate in our events here:
https://www.w3.vision/
Get in touch:
Merlin Egalite: https://www.linkedin.com/in/merlin-egalite/
Morpho Website:
https://www.morpho.xyz/
Hosts:
Vicktoria Klich:
https://www.linkedin.com/in/vicktoriaklich/
Maximilian Vargas:
https://www.linkedin.com/in/maximilian-vargas/
