Bitcoin.com has introduced a new USDC lending feature, partnering with Kiln DeFi to offer users a way to earn interest on their stablecoins. This initiative addresses a significant gap in the crypto market, where stablecoins represent over 70% of global on-chain volume, but less than 5% generate rewards for holders.
The new service allows users to deposit USDC into Ethereum-based smart contracts, earning competitive interest rates. By leveraging Kiln DeFi’s infrastructure, Bitcoin.com ensures a transparent, fully on-chain process, prioritizing user security and trust.
Corbin Fraser, CEO of Bitcoin.com, views this as a stepping stone to expanded DeFi offerings. The collaboration with Kiln DeFi aims to simplify access to decentralized finance for Bitcoin.com Wallet and Verse DEX users.
Available through the Bitcoin.com Wallet app and Verse DEX platform, this service integrates with Morpho, a leading lending protocol. It represents a strategic move in the evolving DeFi landscape, potentially attracting both experienced crypto users and newcomers.
This development comes at a time when investors seek stable, yield-generating opportunities in the volatile crypto market. By offering a secure way to earn rewards on USDC, Bitcoin.com contributes to the broader adoption and utility of stablecoins in decentralized finance.
As Bitcoin.com expands its DeFi services, the impact on the stablecoin market and user engagement with decentralized financial services will be worth watching.
Bitcoin.com Launches USDC Lending Service
