Meeting user demands
Bitcoin lender Ledn has announced plans to introduce interest-earning accounts for Ethereum (ETH) and Tether (USDT). Ledn currently offers such accounts for Bitcoin and USD Coin (USDC), and the decision to expand to ETH and USDT comes in response to user demand for alternative options to manually staking Ether.
Earning interest on cryptocurrency
Through its Growth Accounts products, Ledn provides users with the ability to earn interest on their cryptocurrency deposits while keeping them separate from the company's other products and services.
Safe and secure
Ledn emphasizes that deposited ETH is only exposed to the counterparty generating yield. This means that users' deposits would remain unaffected in the event of a Ledn bankruptcy.
Expanding support
Looking ahead, Ledn plans to expand its support for ETH and will also launch a USDT Growth Account in the coming months.
Exclusions for certain users
However, it's important to note that these new offerings will not be available to users from the United States or Canada.
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