Zac Prince

Digital assets lender BlockFi is launching an institutional services platform to attract larger investors into the cryptocurrency space.

Crypto lender BlockFi is rolling out support for the gemini dollar (GUSD) stablecoin to diversify its lending capital and potentially work with new clients.

Coming off a fresh funding round, BlockFi has plans for a new suite of services.

This expansion will add to its offerings in 46 states of the United States, something that required “quite a bit of work,” according to CEO Zac Prince.

This is the first time the company is expanding to accept cryptocurrency collateral besides bitcoin and ether. It is also the first crypto-backed lender to support loans backed by GUSD.