itcoin">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, itcoin">Bitcoin.com ensures a transparent, fully on-chain process, prioritizing user security and trust.
Corbin Fraser, CEO of itcoin">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 itcoin">Bitcoin.com Wallet and Verse DEX users.
Available through the itcoin">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, itcoin">Bitcoin.com contributes to the broader adoption and utility of stablecoins in decentralized finance.
As itcoin">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
