Crypto Loan
Last updated
Last updated
The crypto loans service allows individuals or businesses to borrow funds against their cryptocurrency holdings. It enables users to access liquidity without needing to sell their crypto assets. The borrowers collateralize their crypto assets and receive a loan in a different currency or stablecoin. The collateral acts as security for the lender, and borrowers repay the loan amount plus interest within a specified timeframe.
The interest rate for crypto loans can vary based on factors such as the loan duration, collateral value, borrower's creditworthiness, and market conditions.
Cryptocurrencies for collateral include Bitcoin (BTC), Ethereum (ETH), and other established cryptocurrencies, against which stablecoin loan in USDT would be issued against which the repayment would be expected in the same currency that was loaned
