Stablecoins are one of the clearest use cases for on-chain lending.
On Metal X, users can deposit XMD to earn from market activity, or borrow XMD against supported crypto assets.
Stablecoin lending markets are also available for ethereum:0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48 and solana:Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB
Rates update with the market.