Safe Connects EURCV Stablecoin to Morpho Lending Vault

TLDR

• Safe has integrated a Morpho vault to enable yield generation using Société Générale’s EURCV stablecoin.
• Users can access euro-denominated yield directly through their self-custody Safe wallets.
• The EURCV stablecoin operates under MiCA compliance through Société Générale-FORGE.
• Steakhouse Financial will manage risk parameters and curate collateral for the Morpho vault.
• Safe reported a fivefold revenue increase in 2025 after processing about $600 billion in transactions.

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Safe Labs has integrated a Morpho vault to support yield generation using Société Générale’s EURCV stablecoin. The initiative enables euro-denominated savings onchain through self-custody wallets. The company targets institutional users seeking compliant euro-based yield products.

Safe Connects Morpho Vault for EURCV Yield

Safe will allow users to connect directly to a dedicated Morpho vault for the EURCV stablecoin. The vault will distribute yield directly into users’ Safe wallets. Safe Labs designed the integration to simplify access to Euro liquidity onchain. The product supports users who manage large euro balances.

Rahul Rumalla, CEO of Safe Labs, outlined the goal of the launch. He said, “European users managing serious capital need the same quality of earning infrastructure that exists for dollar stablecoins.” He added, “This is about bringing institutional-grade EUR yield into self-custody, with a product experience that works at scale.” Safe will route deposits through Morpho’s decentralized lending infrastructure.

Steakhouse Financial will curate the vault’s DeFi strategies and risk parameters. The firm will also define acceptable collateral assets for deployment. Steakhouse manages dozens of vaults on Morpho. It aims to optimize capital allocation within defined limits.

Morpho operates as a decentralized lending protocol. It enables curated vaults that match lenders and borrowers. Safe users will access the EURCV vault through their existing wallets. The system will credit yield directly without custodial intermediaries.

EURCV Stablecoin Expands Onchain Euro Access

Société Générale-FORGE issues the EURCV stablecoin under MiCA compliance. The token tracks the euro and supports regulated digital asset use. The structure aligns with European regulatory standards. Safe integrates this compliant asset into decentralized finance tools.

Safe originated as a noncustodial wallet project from Gnosis. The platform now serves DAOs, foundations, and institutional users. Its multisig smart contracts secure large digital asset holdings. The company reported a fivefold revenue increase in 2025.

Safe processed about $600 billion in transaction volume during that period. The company plans to reach $100 million in annual recurring revenue by 2030. It continues expanding wallet features and integrations. The Morpho vault marks another step in that plan.

In November, Safe partnered with Hypernative. The partnership embedded automated transaction protection into Safe wallets. It also added policy controls for institutional users. These tools aim to strengthen operational security.

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