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Gregory Raymond: Morpho vault attracts $80 million EURCV stablecoins for yield

Gregory Raymond: Morpho vault attracts $80 million EURCV stablecoins for yield
Morpho vault sees surge in EURCV

Gregory Raymond, crypto journalist & commentator at Les Cryptos, reports that the Morpho vault launched by DeblockApp four months ago has seen significant adoption. Since its inception, €74 million in EURCV stablecoins, issued by SG Forge, have been deposited to generate a yield of 3.7 percent. This vault now accounts for more than half of the circulating EURCV supply on Ethereum.

Raymond previously reported on Crédit Agricole launching the EURXT stablecoin on Ethereum with a €20 million capitalization. He also covered a $540,000 sponsorship agreement between Bitstack and Gentlemates in the gaming sector. His recent coverage focuses on institutional adoption and crypto-fintech partnerships in Europe.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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