DeFi Player Dharma On-Boards American Users with Wyre

DeFi player Dharma has just announced that its U.S. customers can deposit and withdraw money between their legacy bank account and their Dharma account.

The open-source lending and savings account built on the Compound network has partnered with fiat-to-crypto bridge player Wyre.

The partnership enables U.S. customers to instantly send money via a debit card to and from their Dharma accounts, for a network fee of 20 cents and a 2% processing charge. 

The news, announced today, means Americans can quickly access the interest earnings capabilities of Dai, in which USD deposits are settled.

Dharma customers can make deposits and withdrawals any time of day, with withdrawals taking three to five days to settle.

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The easiest way to save in DeFi just got easier.

Starting today, all of Dharma's US users can: