Binance introduces USUAL as a new flexible lending asset

by

As an experienced crypto investor who has navigated through numerous bull and bear markets, I find the latest move by Binance to expand its lending options with the inclusion of the Usual protocol (USUAL) token and stablecoin investment, nothing short of intriguing. The strategic decision to incorporate USUAL into their flexible lending portfolio aligns perfectly with my belief in Binance’s commitment to embracing cutting-edge technologies and assets.

Binance expands lending options with USUAL token and stablecoin investment.

Starting December 25, 2024, Binance has revealed plans to include the USUAL token in their Pledged Loan program, making it available for users to borrow against.

This update aims to enhance loan options by allowing users to utilize their cryptocurrency holdings from Binance Earn, Binance’s platform for earning interest on digital assets, as security, thereby gaining immediate yearly returns in real time.

Adding USUAL to Binance’s adaptable lending collection aligns with the platform’s increasing emphasis on advancements in stablecoin technology. Lately, Binance Labs has supported the Usual protocol, a decentralized issuer of stablecoins backed by real-world assets. This collaboration reinforces Binance’s dedication to integrating pioneering technologies and resources into its network, providing additional prospects for users.

The Pledged Loan feature, often called the Variable Rate, offers users the ability to tailor their loans with flexible terms. Interest rates on these loans change every minute, providing both openness and adaptability. With a minimum loan amount as low as one USDC equivalent, this service caters to many different users.

For a thorough understanding of the terms and potential risks, it’s advisable for users to refer to Binance’s official loan FAQs and instructions. Users are urged to tread carefully, make well-informed decisions, and avoid any hasty actions.

Read More

2024-12-25 11:14