Hardware wallet maker Trezor has officially launched its native stablecoin yield feature inside Trezor Suite, marking a significant expansion of its core product offerings. From May 28, 2026, users can now earn yield on USDC and USDT directly through the Trezor interface without leaving the app. The feature is available on both desktop and mobile platforms, but requires users to update to Trezor Suite version 26.5.2 to access it. This development signals how custody providers are increasingly incorporating decentralized finance (DeFi) capabilities into their traditional wallet services, making earning yield on stablecoins more accessible to users who have traditionally avoided decentralized finance due to its complexity and security risks.
Trezor selected two vaults curated by Steakhouse Financial for the launch: USDC Prime and USDT Prime. Both vaults operate within Steakhouse's institutional-grade lending range, targeting 4.5% to 6.5% APY for USDC and 4.5% to 6% for USDT, with a 15% management fee. The yield generation mechanism is based on real borrowing demand on Morpho rather than token incentive programs, providing users with genuine on-chain lending opportunities. At launch, Trezor selected two Morpho vaults curated by Steakhouse Financial — USDC Prime and USDT Prime, with deposits, withdrawals and reward claims signed directly on users' hardware wallets through the company's clear-signing interface. The feature allows users to deposit USDt (USDT) and USDC (USDC) into pre-selected Morpho vaults directly through Trezor Suite without connecting external wallets or using separate DeFi applications.
The integration maintains high security standards through clear-signing technology, which displays transaction details in human-readable form on the device screen. According to Trezor, every deposit, withdrawal, and reward claim is signed on the user's Trezor device, with the flow remaining entirely inside Trezor Suite while keeping private keys on the hardware wallet throughout the process. Users hold standard ERC-20 vault tokens during the process, and withdrawals are positioned as flexible with no lockups or exit delays, settling on-chain. This approach ensures that users can access yield opportunities without compromising their asset security or control, as the feature allows users to deposit USDt (USDT) and USDC (USDC) into pre-selected Morpho vaults directly through Trezor Suite without connecting external wallets or using separate DeFi applications. The feature is built on the Ethereum network and operates through the Morpho protocol, providing users with a streamlined experience for stablecoin yield generation.
Trezor is widely considered the second-largest hardware wallet maker behind Ledger, which already offers native stablecoin yield through Ledger Live using Kiln-powered integrations with protocols including Morpho, Aave and Compound. As reported by Cointelegraph, wallet providers have recently been making a broad push to incorporate decentralized finance functionality directly into custody products while reducing the complexity traditionally associated with DeFi protocols. Stablecoin yield strategies have become one of the fastest-growing use cases in DeFi, allowing users to earn returns on dollar-pegged assets by lending them through onchain protocols, with USDC yields varying widely across platforms and market conditions. However, experts warn of risks such as smart contract vulnerabilities and liquidity issues, with notable concerns raised by Vitalik Buterin about yield products remaining dependent on centralized issuers. The launch of Trezor's built-in yield feature represents a significant step toward making DeFi more accessible to mainstream users through a familiar interface.
