Tempo to add DeFi lending features powered by Morpho

Tempo, a blockchain focused on stablecoins and payments, is introducing a DeFi lending feature based on Morpho, CoinDesk reported. Morpho's current lending market is valued at approximately $7.5 billion. The integration will allow fintech and corporate users on the Tempo network to utilize their stablecoin deposits for on-chain lending, borrowing, and yield generation. The move is seen as an expansion for Tempo from a simple payment network to a comprehensive on-chain financial platform. Morpho will provide risk management and price data using curated markets designed by Gauntlet and Sentora, along with RedStone's oracle infrastructure. Last year, Tempo raised $500 million at a valuation of around $5 billion, with participation from investors including Visa, Mastercard, UBS, Shopify, and Klarna.