Trust Wallet Launches Stablecoin Earn to Activate Idle Assets

Stablecoins play a crucial role in decentralized finance (DeFi), primarily serving as a medium of exchange and a store of value. However, there are limited and often complex options available for generating yield from these assets. Trust Wallet, a non-custodial cryptocurrency wallet, aims to change this by introducing Stablecoin Earn, a wallet-native product that allows users to put their idle stablecoins to work within the app.

In an interview, Eowyn Chen, CEO of Trust Wallet, discussed the macro trends that influenced the development of Stablecoin Earn. Over the past year, stablecoins have evolved from simple transfer tools to essential components of digital financial access. DeFi has matured, moving beyond yield farming hype into more structured, risk-aware strategies. Despite this progress, billions of stablecoins remain idle onchain. Trust Wallet observed that close to 10 billion in USDT held by its users onchain remained inactive for six months, even during somewhat bullish market conditions. The goal is to help users put their assets to work while activating valuable liquidity to support onchain projects.

Users seek secure, transparent ways to utilize their assets without giving up control. Trust Wallet saw an opportunity to bring yield-generating access into the wallet layer, where users already hold their assets and expect a seamless experience. This is a natural extension of self-custody. The design of Stablecoin Earn was shaped by the realization that onchain stablecoins are often idle due to the fragmented, complex, and sometimes risky steps required to find and access yield. The product is native to the wallet experience, fully automated, secure, and transparent by design. Users can access curated protocols, like Morpho and Aave, with just a few steps, while retaining full visibility into where their funds are deployed. The focus is on simplicity and trust, without compromising user control.

For first-time users, depositing stablecoins and experiencing the benefits is designed to be as intuitive as using any modern mobile app. Users select the stablecoin they already hold, choose a protocol from a pre-vetted list, and enter the amount they want to deposit. Everything happens directly within Trust Wallet, with no need to connect to external decentralized applications (DApps) or sign multiple transactions. Once deposited, users can see their positions and accrued yield in real time. Because it is self-custodial, users can withdraw at any time without lockups or third-party custody.

The foundation of Stablecoin Earn is that users always maintain control of their assets. Trust Wallet does not custody funds, and strategies are deployed via non-custodial smart contracts on the underlying protocols, meaning Trust Wallet never touches the assets. The product continuously evaluates how to surface risk warnings, protocol audits, and other safety signals in the product experience. The goal is to provide yield with user-first safety, not shortcuts.

Trust Wallet chose Kiln and Morpho as core partners because they reflect the next generation of onchain yield design: secure, efficient, and built for real users, not just insiders. Kiln brings robust infrastructure for staking-based stablecoin strategies, backed by strong compliance practices. Morpho introduces optimized lending, offering competitive returns with transparent mechanics. Both have strong track records and represent a blend of innovation and reliability for Trust Wallet users.

Trust Wallet's focus is on expanding coverage across the most widely used stablecoins and high-demand chains, based on where users already are. The goal is to make Stablecoin Earn as inclusive and adaptable as possible, while maintaining the same simplicity and transparency users expect from Trust Wallet. The product aims to advance Trust Wallet’s mission to onboard the next wave of onchain users by bringing one of DeFi’s most practical use cases — earning on idle assets — into the hands of everyday users. It abstracts complexity without removing transparency, supports self-custody while unlocking new utility, and builds confidence. For many users, this is their first step toward understanding how DeFi can work for them, not just around them. It aligns perfectly with Trust Wallet’s mission: making Web3 accessible, useful, and secure — one experience at a time.