LATEST: ⚡ Lido has launched EarnUSD, its first stablecoin vault, where users deposit USDC and USDT and have the yield product automatically allocate funds across Ethereum strategies. https://t.co/YdPJc3p48s ...

Lido launched EarnUSD yesterday. first stablecoin product in their history. they're routing 87k token holders and $30b+ in staked ETH toward Morpho infrastructure. $300m flowed into Sky-curated Morpho vaults in one month. Apollo owns 9% of Morpho. this isn't yield hunting. this is the $30b ETH staking giant hedging against their own yield compression by building dollar rails through someone else's infrastructure. Morpho is collecting fees from every protocol that needs USD exposure. ...