Wallet in Telegram Adds DeFi “Vaults” to Earn on BTC, ETH and USDt

Telegram’s integrated crypto wallet has launched a new feature allowing users to earn returns on major cryptocurrencies like Bitcoin (BTC), Ether (ETH), and Tether’s USDt (USDT) directly within the messaging app via self-custodial "vaults."

This functionality, powered by DeFi infrastructure from lending network Morpho, the TON Applications Chain (TAC), and strategy provider Re7, aims to simplify DeFi earning by abstracting away complex steps like using multiple wallets or external applications. Users maintain self-custody while accessing variable return strategies, with USDT vaults offering dollar-denominated options and BTC/ETH vaults extending the same functionality.

Wallet in Telegram claims over 150 million registered users, and the platform is also expanding its crypto integration, having recently seen TON Foundation launch TON Pay for merchant payments. Telegram's operating revenue significantly increased in the first half of the year, partly due to exclusivity agreements tied to Toncoin (TON).

(Source：Cointelegraph)