Standard Chartered Backs Morpho as Robinhood Unveils Crypto Earn Product; MORPHO Surges 12%

MORPHO3.19%
HOOD-1.90%
USDG0.02%
According to Standard Chartered and Robinhood, Morpho received two major institutional endorsements on July 1, 2026. Standard Chartered initiated coverage of the DeFi lending protocol, highlighting its Vaults architecture as a key differentiator for institutional adoption. Simultaneously, Robinhood rolled out its Crypto Earn product powered by Morpho, offering eligible users approximately 7% APY on USDG through on-chain self-custody wallets. The MORPHO token surged over 12% on the day, reflecting growing institutional confidence in Morpho's infrastructure.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments