DeFi Income Reaches Latin America via TruBit and Morpho

TruBit, a crypto trading and payment platform centered on Latin America, has introduced Earn+, which is driven by Morpho.

This new functionality, Earn+, provides users throughout Latin America with high-yield decentralized finance (DeFi) lending prospects. The goal of the integration is to make passive income tools more accessible by blending the user-friendly interface of centralized finance (CeFi) with the yield-optimized engine of decentralized finance (DeFi).

Morpho, the second-largest decentralized lending protocol with over $5 billion in deposits, has earned the trust of major players such as Coinbase, which employs Morpho to run its Bitcoin-backed loan offering.

Connecting traditional finance usability

By incorporating Morpho into the TruBit Wallet and TruBit Pro Exchange, users can access professional-grade yield tactics without needing to interact directly with DeFi protocols.

As crypto acceptance expands throughout Latin America, resources like Earn+ can help TruBit establish itself as a bridge between fiat and crypto. TruBit aims to deliver next-generation financial services tailored to the region's burgeoning digital economy, with a presence in Mexico, Argentina, Brazil, and Colombia.

Maggie Wu, Co-Founder and CEO of TruBit, stated that the integration marks a significant advancement for financial resources in Latin America.

"We're making high-yield decentralized finance more approachable to LATAM users," Wu explained. "Earn+ allows them to earn passive income effortlessly while ensuring adaptability and security in managing their assets."

Paul Frambot, CEO of Morpho, stated that the partnership has enabled TruBit to develop more rapidly and cost-effectively while avoiding the hazards associated with upgradeable DeFi protocols.

"Morpho's unchanging infrastructure has allowed TruBit to retain complete product ownership while providing users access to the best risk-adjusted yields available onchain," Frambot stated.