Ledger Adds New Stablecoin Yield Functionality

By: cryptonews|2025/05/07 15:15:01
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Ledger has launched a new feature in its Live app that allows users to earn yields on stablecoins without giving up custody of their funds. Key Points: Ledger now enables users to earn up to 9.9% annually on stablecoins while maintaining self-custody of their assets. Integration with DeFi protocols like Aave and Compound makes passive income accessible without technical complexity. This new feature strengthens the trend toward decentralized solutions that offer greater control and flexibility to users. The update marks an important step in making decentralized finance (DeFi) more accessible to the general public by combining security, profitability, and ease of use. With this new tool, users can earn up to 9.9% APY by depositing stablecoins such as USDT, USDC, USDS, or DAI. How Does Ledger's New Feature Work? Unlike centralized platforms, this functionality does not require transferring assets to third parties or interacting directly with smart contracts. Everything is managed from the Ledger Live interface, while assets remain securely stored on the user's hardware wallet. The integration was made possible through a partnership with Kiln Finance, which acts as a bridge between Ledger and DeFi protocols like Aave, Compound, MorphoLabs, Spark, and Sky. These protocols offer significantly higher yields than traditional exchanges, where rates rarely exceed 3%. Ledger’s goal is clear: to simplify access to passive income opportunities via stablecoins, without exposing users to the technical complexity often associated with DeFi. Moreover, by preserving self-custody, the feature reinforces the decentralized philosophy at the core of the crypto ecosystem. Funds can be withdrawn at any time, eliminating common barriers like lock-up periods or withdrawal restrictions typically imposed by centralized custodians. This makes Ledger’s new functionality an attractive option for users who value both asset sovereignty and income generation. Interest in similar products is growing. For example, the Level protocol recently announced that its stablecoin slvlUSD offers an annualized yield of 9.28%, based on its latest revenue distribution. Meanwhile, regulatory restrictions—such as limiting access to slvlUSD for U.S. users—remain a challenge. Still, the rise of tools like Ledger’s underscores a growing trend toward decentralized, user-controlled financial solutions that open new doors in the crypto world.

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