Crypto-native prime broker Project 0 allows users to borrow against DeFi portfolios for real-world expenses

Project 0, a DeFi-native prime broker, has introduced Project 0 Pay, a feature allowing users to pay credit card bills and other expenses directly from their crypto investment portfolios. This eliminates the need to liquidate assets or interrupt yield generation. The system connects to users’ credit cards and bank accounts, borrowing USDC against their portfolio and automatically off-ramping it to fiat. Users can repay the loan at their convenience. Project 0 founder MacBrennan Peet envisions this as a way for DeFi portfolios to function more like traditional bank accounts, providing liquidity for daily expenses while maintaining investment positions. The feature mirrors services offered by traditional prime brokers, providing leverage and financing without requiring portfolio adjustments.

(Source：The Block)