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The non-custodial cryptocurrency wallet SafePal has partnered with the decentralised lending platform Morpho to enhance access to risk-adjusted stablecoin yields and improved security for self-custody users.
This innovative initiative consists of two components. The first involves the native integration of Morpho Vaults with the recent SafePal V4.10.6 application update.
According to the press release, this development will facilitate effortless access to yields on specific stablecoins via the SafePal Earn yield aggregator. Specifically, this pertains to the USDC and USDT stablecoins provided by Morpho on the Ethereum, Base, and Arbitrum networks.
BIG NEWS: @Morpho vaults are now natively integrated in the SafePal app
Earn with USDC & USDT on Ethereum; USDC on @arbitrum & Base seamlessly500 limited edition hardware wallets + $5,000 in $MORPHO rewards
RT + follow to get extra bonus
Full detailspic.twitter.com/UsHQNGMEmb
— SafePal – Crypto Wallet (@SafePal) January 8, 2026
500 limited edition hardware wallets + $5,000 in $MORPHO rewardsAdditionally, decentralised finance (DeFi) companies Steakhouse and Gauntlet oversee these integrated Morpho Vaults. As a result, “depositors can earn risk-adjusted yields from borrowers utilizing blue-chip and highly liquid assets as collateral,” the announcement states.
As Paul Frambot, CEO and co-founder of Morpho, explains, “stablecoins should not remain inactive, even in self-custody. The integration of Morpho Vaults into SafePal brings open, on-chain lending infrastructure directly to SafePal users, allowing them to earn yield while staying fully non-custodial, on-chain, and transparent.”
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The Walletdrop Campaign
The second aspect of the initiative is the introduction of a Walletdrop campaign. Users who deposit into the Morpho USDT and USDC vaults available through SafePal Earn will have the opportunity to receive one of the 500 co-branded hardware wallets, according to the team.
This offer aims to enhance user security and promote long-term self-custody, the partners indicate.
Morpho x SafePal Limited Edition Walletdrop
The exclusive collection is based on the SafePal X1, the latest open-source and Bluetooth model from the wallet suite.
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Proposed “activation perks” include enhanced yield opportunities on Morpho Vaults within SafePal, as noted in the announcement.
In recent developments, the SafePal wallet suite has successfully completed the transition of its hardware wallet series from EAL5+ to EAL6+ security chipsets. The team has also upgraded the SafePal Earn aggregator, aiming to improve both security and access to dependable yield options and providers.
‘Significant Risks from Opaque Structures’
The press release emphasizes the necessity of bolstering security.
“Recent unfortunate events like the $36M Upbit hack underscore that cold storage usage remains considerably below the desired levels,” stated Veronica Wong, CEO and Co-founder of SafePal. “The Morpho Walletdrop aims to increase hardware wallet adoption while maximizing security, which should be highly synergistic, particularly for long-term and passive strategies such as stablecoin staking.”
Noncustodial Earn on @safepal, upgraded
Stablecoin yield curated by @SteakhouseFi and @gauntlet_xyz is now accessible to millions of Safepal users
Powered by Morpho pic.twitter.com/TOczFDeT0q— Morpho
(@Morpho) January 8, 2026
Furthermore, the team pointed out notable market volatility and increasing user concerns following the $93 million collapse of Stream Finance, along with the depegging of its XUSD stablecoin.
“The XUSD depeg and its consequences illustrated how opaque, off-chain yield structures can lead to substantial counterparty and systemic risks,” argued Wong.
Meanwhile, SafePal is a non-custodial cryptocurrency wallet suite boasting 25 million users across 200 blockchains, encompassing its hardware, software, and browser extension wallet solutions, as reported by its team. Established in 2018, SafePal is backed by Animoca Brands, Binance, and Superscrypt.
Additionally, Morpho is a universal lending network with $10 billion in deposits. It enables businesses to connect to its open infrastructure to facilitate any lending or borrowing application at scale.
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The post ‘Stablecoins Don’t Need to Sit Idle’ – SafePal Integrates Morpho Vaults appeared first on Cryptonews.
