Great discussion at @money2020 this week with @guywuolletjr from @a16zfrontier and @MuyaoShen from Bloomberg @business on the evolution of vaults and onchain credit markets.
We sat down with dozens of our partners over the last few days, and the message was clear: fintechs and brokerages want differentiated credit products with a mix of yield profiles, an easy integration path, and the ability to tap 3p lenders in a competitive market, rather than constraining their balance sheets.
@Morpho's technology hands all of that to them in a box - along with a new revenue stream.
And as tokenization brings every asset in the world onchain, more value than ever will be deployable through Morpho.
👀
Robinhood Stock Tokens can now serve as collateral on Morpho: a new use case beyond trading.
Robinhood Chain brings the rails, Morpho brings their credit layer, enabling holders to borrow against their Stock Tokens.
Any eligible wallet can plug in and any app can tap into these markets, unlocking a new building block for open lending and borrowing — and a new way to put Stock Tokens to work onchain.
I’m excited to share that I’ve joined @Morpho to lead all things commercial as Head of GTM.
@PaulFrambot and team are visionaries and world-class builders. It’s a privilege to team up with them.
Blog: morpho.org/blog/morpho-appoi…
What’s Morpho?
Morpho is an open credit network that enables people and agents to build customizable onchain lending, borrowing, and yield products.
Morpho protocols, smart contracts, and blockchains are the infrastructure making it possible. Morpho is a pure technology layer, with composability and security at the center of its design.
The why
Morpho makes it dead simple for our partners - fintechs, brokerages, exchanges, and banks - to build revenue-generating products that help their users put their assets to work. In parallel, this helps unlock new distribution for lenders and asset issuers.
Historically, spinning up credit products meant building pricing, risk and liquidation systems from scratch, and spending months on integrations before the first loan went out.
Morpho collapses this into open infrastructure: liquidity, rates, and liquidations run onchain, in markets anyone can access.
We’re growing
More than $17B is now deposited on Morpho protocols, up 3.4x since the beginning of 2025.
So far, BTC, USDC, ETH and other stablecoins have anchored most of that growth. But these assets have also laid the foundation for what's coming next, by getting institutions comfortable with onchain infrastructure…
The onchain collateral supernova
…Now, Wall Street is racing to tokenize treasuries, funds, credit, and equities. “Crypto native” collateral will keep growing, but the tokenization wave has the potential to be orders of magnitude larger.
Onchain credit markets will accelerate tokenization growth because they make tokenized assets more productive: they becomes programmable collateral that people can borrow against 24/7, in seconds.
In the not so distant future, we’ll have tens of thousands of tokenized assets and $ trillions more in value onchain. Humans and agents will flock to the fastest and most composable system.
In credit, Morpho is poised to be that system.
First orders of business
It’s day one for me, but it’s already clear a lot of my work will rhyme with what I focused on over the last 7+ years scaling Coinbase’s institutional and infrastructure businesses: helping make our partners successful.
Over the next few weeks, I’ll be on a listening tour. If you’re working on credit products - as a fintech, lender, curator, asset issuer or something else - drop me a line. We want to hear from you and help you grow.
Last but not least: we’re hiring! …Across GTM and beyond. Come get in touch if you’re as excited about the Morpho vision as I am.
Let’s go.
More
- API docs [docs.morpho.org/get-started]
- About Morpho [morpho.org/]
- Our recent $175M raise from a16z, Ribbit Capital, Paradigm, Apollo, and others [morpho.org/blog/morpho-assoc…]
- Open roles [morpho.org/jobs]
Last week I hung up my cleats at Coinbase after 7+ wild and fulfilling years.
Hugely indebted to my colleagues for having my back at every turn, and proud of what we built together to help our customers and partners succeed... from the infra business to the ETF platform, the federal government practice, and beyond.
Coinbase is on a roll and poised to keep winning as traditional markets and payments continue to move onchain.
More soon on what’s next.
For now, a big thank you to the legendary @coinbase team.
@brian_armstrong @emiliemc @bretttejpaul @alecglovett @GregTusar @ShanAggarwal @jessepollak Liz Martin Lauren Abendschein
💙 🛡️ 🫡
Brian Foster retweeted
We're bringing stablecoins into the banking system with @Citi.
That means instant stablecoin acceptance for institutions - all on bank-grade, regulated infrastructure.
The next step for stablecoins becoming everyday money.
Enjoyed the conversation on @ConvergeDefiant.
@coinbase is on a mission to help fintechs, PSPs, banks, and brokerages build great products in stablecoin payments and crypto trading - through one unified platform for developers.
If you're building in stablecoins & crypto, give us a shout.
Stablecoins are becoming more than another payment option; they're the foundation for modern payments and a strategic priority for businesses.
Speaking with the @ConvergeDefiant podcast, @brian__foster explains why the conversation has shifted from if businesses will adopt stablecoins to when, and how @Coinbase helps enterprises build products with stablecoins seamlessly working in the background:
Yesterday at our System Update event in NYC, @coinbase rolled out an arsenal of new payments capabilities for fintechs, money movers, and PSPs who want to take advantage of stablecoins.
Check out the latest from my partner @alecglovett, our head of product 👇
It's @coinbase payments summer 🌞
We're thrilled to partner with the world class team at @MassPay_io to help bring stablecoin enabled payments to their clients.
It’s a good day for B2B cross-border payments.
@MassPay_io is bringing the power of Coinbase payments to their global enterprise customers.
Eligible MassPay clients can now send USDC instantly, anywhere in the world.
Stablecoin acceptance via @Checkout - powered by @coinbase payments infra. Excited to get this one off the ground!
Stablecoins, meet checkout.
@Checkout is rolling out stablecoin acceptance to all eligible enterprises in their network of 1,000+ merchants.
→ USDC + USDT
→ USD settlement
→ No crypto integration required
→ Live across nearly 50 countries
All powered by Coinbase Payments.
Super excited to be working with the @PPRO_Payments team. We're taking stablecoin enabled payments global -> built on the @CoinbaseDev payments platform. 📈🌎
We’re excited to work with @PPRO_Payments to integrate Coinbase Payments, bringing stablecoin payments to enterprise merchants.
Businesses integrated with PPRO can now accept stablecoins through a familiar payments experience, without rebuilding infrastructure or managing crypto complexity.
Brian Foster retweeted
Proud to be the infrastructure partner powering stablecoin payouts for @deel’s global network.
Congrats on this launch
Stablecoin payouts are live on @deel for employees.
Over 5 years ago, I joined @deel as the first payments hire. I spent the first few years building out the fiat payment infrastructure that moves billions to workers across 150+ countries. The more I watched money move, the more I saw how broken cross border payments are.
Stablecoins fix this.
10,000+ contractors already get paid in stablecoins on @deel.
Today we’re extending this to full-time employees.
This is how payroll should be.
The world's biggest cloud platform, @awscloud, just chose stablecoins to power agentic payments.
@Coinbase wallets + x402 are now natively integrated into Amazon Bedrock AgentCore. First major cloud provider to embed autonomous crypto payments into its agent stack.
We're live at the AWS Financial Services Symposium presenting on this exciting new partnership. 🤝
Great discussion with Robbie Mitchnick and Meera Jessa on our long partnership with @BlackRock and how @coinbase is building infrastructure for the next generation of crypto adoption.
podcasts.apple.com/us/podcas…
Brian Foster retweeted
$33 Trillion in stablecoins settled on Coinbase in 2025.
That scale came from us always putting security and UX first.
We're now applying that expertise to streamline payments on a global scale.
Awesome evening in SF with our clients and partners, talking all things stablecoin infra
We hosted our Payments Open House this week with some of the biggest names in payments infrastructure.
Coinbase Infrastructure Co-Head @brian__foster explains why stablecoins are now a board-level conversation, and what’s driving the shift. ↓
It's go time for stablecoin payments. More below on @coinbase's full stack platform for fintechs, PSPs, and banks 📈👇
the original sin of the internet was the failure to build a native payment layer.
for decades everything went digital except money.
but that era is now over. stablecoins are fixing it and faster than anyone expected.
I wrote about what we're building @Coinbase and why it matters now.