Bitso launched Bóvedas, bringing Morpho's lending features into its App

Mexican cryptocurrency exchange Bitso announced the launch of a product called Bóvedas, which brings the lending functionality of the decentralized lending protocol Morpho into its app.

This product allows users to deposit USDC and the stablecoin MXNB, which is pegged to the Mexican peso, into non-custodial lending vaults, enabling users to earn floating returns, while the product does not provide deposit insurance.