TruBit Partners with Morpho to Launch DeFi Yield Product in LatAm
TruBit, a cryptocurrency exchange in Latin America with licenses in Mexico and Argentina, has launched a decentralized finance (DeFi) yield product through collaboration with Morpho.
- The product aims to simplify crypto-backed lending for users.
- This initiative represents a blend of fintech and DeFi, termed a "DeFi mullet."
- Morpho previously partnered with Coinbase to offer bitcoin-backed loans.
- Morpho co-founder Merlin Egalite emphasized the importance of integrating DeFi into fintech for a better user experience.