Crypto wallet provider Blockchain.com launches retail lending platform

According to The Block, crypto wallet provider Blockchain.com launched a retail lending platform. Previously, Blockchain.com launched its institutional loan business last August. The platform allows users to borrow a stablecoin pegged to the U.S. dollar, the digital dollar, with Bitcoin as their currency in the Blockchain.com wallet. Xen Baynham-Herd, executive vice president of Blockchain.com, said: "Given the current state of the global market, people are looking for new ways to borrow outside the traditional financial system." Blockchain.com said that the platform currently only supports Bitcoin, but plans to Support more cryptocurrencies soon.