Ledger adds four Ethereum loan markets for cbBTC and wBTC holders to borrow USDC or USDT. Offline keys do not remove collateral, custody or liquidation risks.
Paxos-issued USDG launches on Arbitrum with live GMX and Morpho incentives. A proposed 100M ARB increase still needs DAO votes starting in October.
SEC Commissioner Hester Peirce said crypto vaults and onchain lending strategies can fall under federal securities laws when their structure and management resemble regulated financial products.
Galaxy launched Curator, a Morpho-based institutional vault offering distributed through Fireblocks Earn, targeting idle stablecoin balances with two risk tiers.
Morpho raised $175 million from Paradigm, a16z crypto, Ribbit and major strategic investors as onchain credit becomes a fresh institutional DeFi target.