BTCLOAN has announced the launch of a global Bitcoin-backed lending market, aggregating quotes from multiple institutional lenders. Users in non-sanctioned regions can pledge Bitcoin, Ethereum, and other crypto assets to obtain USD or USDT loans without selling their holdings. The platform employs a dynamic loan-to-value (LTV) ratio that adjusts risk ratings based on repayment history and on-chain behavior, with a maximum LTV of 70%. Partners include Tether, Galaxy, and other institutions, enhancing transparency through verifiable custody and reserve proofs. Borrowers can compare loan terms from multiple institutions to find the best rates. This initiative expands options for crypto holders seeking liquidity without giving up their positions.
BTCLOAN has gone live with a global marketplace for Bitcoin-backed loans, pulling together institutional lending quotes from multiple partners. Users in non-sanctioned jurisdictions can post Bitcoin, Ethereum, and other digital assets as collateral and take loans in USD or USDT, without selling their crypto holdings. Simple idea. It gives them a way to unlock liquidity while still keeping exposure to the asset’s potential upside.
The platform uses a dynamic LTV (loan-to-value) ratio that shifts according to the borrower’s repayment history and on-chain activity, with the maximum LTV capped at 70%. BTCLOAN says its partners include Tether, Galaxy, and other well-known institutions, which add transparency through verifiable custody and reserve proofs. Borrowers can check and compare loan terms from multiple lenders right on the platform. The announcement came through Chainwire and framed the platform’s goal as improving flexibility and accessibility in crypto lending.
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