OKX has introduced a crypto-backed USDC lending service in Europe, according to a Techub News item citing Crypto.news. The product was announced on Oct. 9 and sets different borrowing caps based on client tier. Regular customers can borrow up to 250,000 USDC, while VIP clients can access loans of up to 3.25 million USDC. The service also does not carry a fixed repayment term. The update focuses on the launch details, the regional rollout in Europe, and the borrowing limits disclosed for standard and VIP users. No other product terms were provided in the source text.
OKX has rolled out a crypto-backed USDC loan service in Europe, according to Techub News, which cited Crypto.news.
The service was announced on Oct. 9. Regular customers can borrow up to 250,000 USDC, while VIP clients can borrow as much as 3.25 million USDC.
The product does not have a fixed repayment term.
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