Bitcoin.com, a pioneer in the Bitcoin and crypto space since 2015, has launched USDC staking rewards in the self-custody Bitcoin.com Wallet app and on Bitcoin.com’s decentralized exchange Verse DEX. USDC staking rewards are a pivotal step in Bitcoin.com’s mission to empower anyone to participate in DeFi without the complexities traditionally associated with decentralized platforms.
Unlocking the Power of Stablecoin Lending
Stablecoins play a fundamental role in the cryptocurrency ecosystem, accounting for over 70% of global on-chain volume. However, less than 5% of these stablecoins are currently generating rewards for their holders. Bitcoin.com has recognized this gap and is addressing it by offering USDC lending, where anyone can earn interest by depositing USDC into a smart contract on Ethereum.
Powered by Kiln DeFi, USDC staking rewards on Bitcoin.com are fully on-chain, ensuring the highest levels of transparency and security while maintaining the trusted environment Bitcoin.com users have come to rely on.
“Our integration with Kiln DeFi means users can easily lend their USDC, earning competitive rewards while maintaining full control of their assets,” said Bitcoin.com CEO Corbin Fraser. “As stablecoins continue to gain traction and DeFi lending protocols evolve to offer even more rewards, Bitcoin.com is committed to expanding our DeFi offerings through Kiln DeFi’s infrastructure. This integration lays the groundwork for future developments, allowing us to remain at the forefront of decentralized finance innovation.”
“Providing non-custodial reward opportunities for stablecoins is a key step in our mission to democratize digital asset value creation. By integrating rewards through top borrowing and lending protocols, we’re simplifying DeFi access for Bitcoin.com Wallet and Verse DEX users,” said Laszlo Szabo, CEO and Co-founder of Kiln. “Starting with USDC on Morpho marks a major milestone in our collaboration with the Bitcoin.com team.”
To access USDC Staking on Bitcoin.com, download the Bitcoin.com Wallet app or visit Bitcoin.com’s decentralized exchange Verse DEX.
About Kiln
Kiln is the leading staking and digital asset rewards management platform, enabling institutional customers to earn rewards on their digital assets, or to whitelabel earning functionality into their products. Kiln runs validators on all major PoS blockchains, with over $8.6 billion in crypto assets being programmatically staked and running over 4.5% of the Ethereum network on a multi-client, multi-cloud, and multi-region infrastructure. Kiln also provides a validator-agnostic suite of products for fully automated deployment of validators and reporting and commission management, enabling custodians, wallets, and exchanges to streamline staking or DeFi operations across providers. Kiln is SOC2 Type 2 certified.