@Morpho reply (Wed Oct 21 18:04:28 +0000 2026): Read the paper here ↓ https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp3280~503ba7d4b0.en.pdf Original @Morpho (Wed Oct 21 18:04:25 +0000 2026): An @ecb paper cites @coinbase's integration of Morpho as an example of how major platforms use DeFi lending protocols as the "yield generation layer". The widened distribution of onchain credit is increasingly relevant for macro finance and monetary policies.