Zest Launches Mainnet Demo of Bitcoin-Backed USDC Loans on Ethereum
- —BTC is never wrapped or bridged, staying in Taproot vaults on Bitcoin
- —USDC borrowing is handled by Ethereum smart contracts
- —Demo deposits are capped at 0.001 BTC per wallet
- —The design targets BitVM verification to reduce trust assumptions
Why it matters: The model could turn native bitcoin into usable collateral in other chains' lending markets without custodians or bridges.
Source: Bitcoinist