Latin American Exchange TruBit Uses Morpho Crypto Lending Platform to Offer DeFi Earn

Latin American Exchange TruBit Uses Morpho Crypto Lending Platform to Offer DeFi Earn

The optimal user experience can be achieved by putting fintech in the foreground and DeFi in the background, also known as a “DeFi mullet.”

Author: Ian Ellison | Edited by Oliver Knight Updated March 26, 2025, 9:39 UTC Published March 26, 2025, 3:00 UTC

Key points:

• Morpho's collaboration with TruBit comes after Coinbase announced its DeFi lending protocol earlier this year, which offers loans backed by Bitcoin.
• TruBit holds regulatory licenses in Mexico and Argentina.

TruBit, a Latin American cryptocurrency exchange with regulatory licenses in Mexico and Argentina, provides users in the region with a yield-generating decentralized finance (DeFi) product powered by crypto lender Morpho.

Given the growing interest in crypto-backed lending, this move by retail exchanges aims to create a convenient way for users to engage with decentralized, automated lending and borrowing, known as a “DeFi mallet” (fintech in the foreground, DeFi in the background).

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Morpho's collaboration with TruBit comes after Coinbase announced its DeFi lending protocol earlier this year, which offers loans backed by Bitcoin.

“We believe that fintech in the foreground and DeFi in the background is really the way to scale DeFi,” Morpho co-founder Merlin Egalite said in an interview. “If you look at the current DeFi landscape, it’s still quite complex and technically oriented. Integrating DeFi into fintech companies provides a more seamless and familiar user experience.”

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