Bitget Launches USDGO Onchain Earn for Simplified DeFi Access
Bitget's new Morpho-based vault offers up to 10% APR on stablecoins with no wallet setup required.
Bitget's new Morpho-based vault offers up to 10% APR on stablecoins with no wallet setup required. Morpho (MORPHO) is trading at $2.23. This is an original TLT brief based on reporting by Cointribune, with live market data added, as of Mon, 02 Nov 2026 11:30:04 UTC.
This development lowers the barrier to entry for DeFi by offering simplified access to high-yield opportunities, potentially attracting new users to the space.
- Bitget introduces USDGO Onchain Earn for 125M users with up to 10% APR on stablecoins.
- Users can access DeFi without managing wallets or gas fees.
- Morpho TVL stands at $11.26B, while USDGO has a $1.23B circulating supply.
Bitget has launched 
USDGO Onchain Earn, a new DeFi product that allows users to earn yields on their stablecoins without the complexities typically associated with decentralized finance.
The product is built on the 
Morpho protocol and curated by Gauntlet, offering users up to 10% APR. Morpho's total value locked (TVL) currently stands at $11.26 billion, according to DeFiLlama.
The service is designed to attract Bitget's 125 million users by eliminating the need for wallet setup and gas fee management, making DeFi more accessible.
While the promotional APR of up to 10% is appealing, the exact terms and conditions of the offer are not yet clear. The USDGO token has a circulating supply of $1.23 billion and is currently trading at $1 with minimal price movement.
The broader crypto market remains relatively flat, with 
Bitcoin showing a slight 0.13% decline over the past 24 hours. The Fear & Greed index stands at 37, indicating a 'Fear' sentiment.
Since this brief published about 2 hours ago, Morpho (MORPHO) has moved from $2.23 to $2.23 — +0.00%.
The chart plots MORPHO's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 MORPHO ≈ ₦3,072.38 (about $2.23), down 3.1% over 24 hours. The naira itself trades about 2.2% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 2, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Bitget Launches USDGO Onchain Earn for Simplified DeFi Acces — questions & answers
What is USDGO Onchain Earn?
It's a new DeFi product by Bitget that offers up to 10% APR on stablecoins without the need for wallet setup or gas fee management.
How does USDGO Onchain Earn work?
The product is built on the Morpho protocol and curated by Gauntlet, allowing users to earn yields on their stablecoins through a simplified interface.
What is the current TVL of Morpho?
Morpho's TVL is $11.26 billion, according to DeFiLlama.
How much is 1 Morpho worth in naira today?
About ₦3,072.38 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $2.23. The naira price moves with both MORPHO's US-dollar price and the USDT/NGN rate; use our Morpho in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Cointribune. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.