Binance launched Lite Loan on Aug 4, letting eligible users borrow up to 1,000 USDT against Bitcoin without selling it. BTC can be supplied from Simple Earn flexible products and keep earning, while borrowed USDT can be used for trading.
Binance launched "Lite Loan," a BTC-backed small-amount borrowing product, on Aug 4, BlockBeats reported. Eligible users can borrow up to 1,000 USDT against Bitcoin without selling it.
The product targets users with small, short-term funding needs. Users can pledge BTC from Simple Earn flexible products and keep earning yield, while the borrowed USDT is available for trading.
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