Robinhood Leverages Morpho for Robinhood Earn

Robinhood made investing accessible to a generation. 28.6 million customers trade on Robinhood, holding over $384 billion of assets on the platform (as of August 31, 2026).

The next chapter is global expansion. Robinhood aims to give every person in all corners of the world access to the most competitive, low-cost financial products.

Starting with Robinhood Earn, a product that aims to provide risk-adjusted yield on idle balances  using USDG by Paxos, a dollar-pegged stablecoin. Currently accessible natively in the Robinhood app for US users, the product is available 24/7.

Robinhood is famous for its fully integrated experience, with distinctive design, tech stack, and experience, without having to build a proprietary credit engine from scratch and leaving vault curation to risk experts.

With Robinhood Earn, Morpho serves as the underlying credit network, Steakhouse Financial curates the vault, and Robinhood Chain acts as the settlement layer.

Solution Highlights:

• Noncustodial by design. Funds are held in Morpho's smart contracts through a wallet each user controls; neither Robinhood, nor the vault's curator, Steakhouse Financial, nor Morpho takes custody.
• Seamless UX. Users earn onchain yield without leaving the Robinhood app. Going from a fiat balance to earning takes a few taps: the app bundles the purchase of USDG and the deposit into a vault in a continuous flow.
• Sustainable yield. Under the hood, Steakhouse Financial curates the Morpho Vault, allocating USDG deposits across Morpho Markets where yield comes from borrowing demand across the network.

Robinhood Earn packages onchain yield directly into a Robinhood-native experience, distributed to millions of eligible customers in the US and beyond. Robinhood is now part of Morpho's open credit network, a foundation that extends beyond Stablecoin Earn.