Lido, DeFi’s largest liquid staking protocol by total value locked, has launched EarnUSD, its first stablecoin vault, according to a press release shared with The Defiant.
The new product lets users deposit and earn yield on USDC and USDT. The vault allocates capital automatically across Ethereum-based USD-denominated strategies, including on-chain lending markets, real-world asset (RWA) integrations, and structured positions, per the release.
The move marks a broader focus for the protocol, which is known for being the largest ETH staking provider, with over 8.7 million ETH currently staked.
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