Compound Labs, the developer of the landing project Compound, has just announced the launch of a lending service for institutional investors.
The solution is provided by Compound Treasury. From now on, companies and financial institutions can borrow in US dollars and the stablecoin USDC secured by digital assets.
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Notably, Bitcoin, Ethereum and ERC-20 tokens supported by the platform can serve as collateral.
According to the company, loans are issued with no terms or repayment schedules at rates of 6% per annum. The company clients may use liquidity at their discretion, provided that the amount of collateral is sufficient.