Key takeaways
- Trezor launched native USDC and USDT yield in Suite v26.5.2 on May 28, 2026, powered by Morpho.
- More than 2 million Trezor users can now access decentralized finance (DeFi) yield without connecting a third-party wallet.
- Morpho Vaults hosted by Steakhouse offer no lock-in periods, with full mobile support planned for later in 2026.
Trezor deploys Native Yield on USDC and USDT Powered by Morpho Vaults
Praguecompany based On has integrated Morpho, a decentralized lending protocol running on Ethereum since 2022, to power the functionality. Two vaults are available at launch: USDC Prime and USDT Prime, both organized by Steakhouse, an independent performance strategy company.
Users do not select safes themselves. Trezor evaluated the options based on security and liquidity criteria and makes the selection based on them. The workflow runs entirely within Trezor Suite. There are no browser extensions to install or third-party wallets to connect.
Every deposit, withdrawal and reward request is signed on the physical Trezor device. Private keys do not leave the equipment. Trezor says that clear signing is enabled for every on-chain interaction, translating contract data into plain language on the device screen before the user confirms. Clear signature is available on all current Trezor models except the Trezor Model One.
Tomas Susanka, CTO at Trezor, said the goal was to remove a compromise that defines how people use hardware wallets. “Users had to choose between the security of their hardware walland and access to Challenge yield, because getting yield meant connecting to something else,” Susanka said. “We brought yield into the suite environment, with every step signed on the device and translated into plain language before the user approved it.”
The return comes from borrowing activity on Morpho rather than token incentive programs. Prices change with demand. When borrowing on the protocol is high, rates increase. When it is low, rates fall. There is no fixed introductory rate tied to a rewards program.
There are no blocking periods. Users can initiate a withdrawal in Suite, sign with their Trezor and the transaction is settled on-chain. Users hold the standard ERC-20 vault tokens, which means withdrawal is also possible via any compatible interface independent of Trezor Suite.
Paul Frambot, CEO and co-founder of Morpho, said the integration solves a problem of scale for decentralized finance. “More than two million Trezor users can now earn returns on their stable coin balances with the same device that they already trust for custody,” Frambot said. “That’s how Challenge evolves: by becoming invisible to users, easily accessible in the interfaces and applications they already use. »
The feature is now available on the Trezor Suite desktop. Users need to update to version 26.5.2 to access it. Users running Bitcoin-only firmware will not see the yield option.
Full mobile support is expected later in 2026. Trezor said the current mobile experience offers limited offerings. stable coin performance feature, with the full feature set arriving in a future update.
