Dharma now supports peer-to-peer lending in USDC to attract mainstream investors to DeFi
DeFi startup Dharma has announced peer-to-peer lending of USD Coin ($USDC) in a bid to increase institutional investor interest in DeFi and increase Dharma's overall liquidity. USDC joins stablecoin DAI ($DAI) on the platform, the former earning 8% interest when loaned versus 14% for the latter. Collateral stands at x1.5 loan with the repayment period extending 90 days.
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