Divine Research has issued 30,000 unbacked USDC loans, verified through iris scanning via Sam Altman’s World ID. The loans target individuals underserved by traditional finance, with amounts typically under 1,000 USDC.
The company aims to attract everyday investors by offering returns despite high risks. Interest rates range from 20% to 30%, reflecting the startup’s position in a high-risk lending environment as institutional interest grows.
Leave a Reply