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BTCC / BTCC Square / Global Cryptocurrency /
Divine Research Leverages USDC & Iris-Scanning Tech to Issue 30K Unsecured Crypto Loans

Divine Research Leverages USDC & Iris-Scanning Tech to Issue 30K Unsecured Crypto Loans

Author:
Global Cryptocurrency
Published:
2025-07-28 05:56:16
6
3
USDC News -

San Francisco crypto lender Divine Research is transforming microfinance by distributing unsecured loans using iris-scanning verification via Worldcoin's World ID. Since December, the platform has issued 30,000 short-term loans—primarily in USDC—to underserved populations in developing nations.

Borrowers authenticate through Sam Altman's World ID biometric system to mitigate fraud. Despite a 40% default rate on initial loans, Divine charges 20%-30% interest, banking on blockchain's ability to expand credit access.

Currently piloted in inflation-stricken Argentina, the program serves unbanked teachers, vendors, and others. This high-risk, high-reward model highlights crypto's disruptive potential in alternative finance.

|Square

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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