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Ledger Live Introduces Stablecoin Yields
In a major move, Ledger has launched stablecoin yields through its Ledger Live app, allowing users to generate passive income while maintaining full control over their assets. This new feature supports four prominent stablecoins: USDT, USDC, USDS, and DAI.
The addition of stablecoin yields is designed to enable users to earn up to 9% per year on their stablecoin holdings. This comes as a significant opportunity for Ledger Live app users who can now access DeFi infrastructure platform Kiln Finance directly from within the Ledger Live app.
Ledger emphasized that users still maintain full control over their assets, and the integration with Kiln Finance does not compromise security. The company’s VP of consumer services, Jean-Francois Rochet, highlighted the simplicity of the process by stating that it eliminates the need for users to navigate through complex procedures or third-party apps.
Furthermore, Ledger has provided a staking option that allows users to either stake their assets individually, delegate their stablecoins to a validator, or engage in liquid staking. This flexibility will undoubtedly appeal to a wide range of cryptocurrency investors seeking more diverse investment opportunities.
Notably, Ledger’s decision to support leading DeFi protocols directly within its platform can be seen as a move towards supporting a broader array of cryptocurrencies and potentially giving users access to an even wider range of tokens.
Source: https://fullycrypto.com/ledger-live-introduces-stablecoin-yields?utm_source=rss&utm_medium=rss&utm_campaign=ledger-live-introduces-stablecoin-yields
