The credit stack for the stablecoin economy

We connect the world's stablecoin savers to the world's stablecoin borrowers by shipping onchain products for fintechs, exchanges and asset managers.

Get in touch Launch the app

NONCUSTODIAL ASSETS SUPPLIED

$4.92B

+92% YoY

Build products

White-label stablecoin and yield products for your app, exchange, or platform.

Earn yield

Risk-curated Morpho vaults for treasury and fund capital.

Seek advisory

Strategy, underwriting, and scaling for crypto, stablecoin, and tokenized assets.

Explore Advisory

Raise capital

Underwrite credit strategies and connect managers to onchain and institutional capital.

Coinbase DeFi Lend

Eligible Coinbase users can lend USDC through Steakhouse-curated vaults on Morpho. Steakhouse selects the collateral and lending markets for those vaults.

Read the Coinbase case study

Capitalizing the stablecoin economy

Grove is an institutional-grade credit and liquidity protocol built on DeFi rails, designed to grow credit and capital markets onchain.

Insights and case studies on Substack

Subscribe to Insights

Steakhouse Financial publishes DeFi research and insights.

The Steakhouse View on Vaults

Principles for vaults as they become mainstream portfolio infrastructure

Midas Fasanara mGLO in Morpho Onchain Repo

Overview of the collateral asset, July 2026

Stablecoins, Steakhouse Financial and Pure Banking

Foreword by Steakhouse Financial

The Boy from Hicksville

Foreword by Sarah Jane Checkland, daughter of author S. G. Checkland

Robinhood Charts a New Course Onchain, curated by Steakhouse

Robinhood Earn and Steakhouse will bring millions of eligible users on the journey to new frontiers in onchain finance.

The MetaMask Money Account

Where stablecoins earn, spend, and trade.

How I learned to stop worrying and love Free Banking

We've brought a fifty-year-old book on the history of Scottish banking back into print.

Let's talk