CoinScoopBitcoin News Launches BTC-Collateralized Loan Service
Bitcoin News announced that users can now borrow up to 1,000 USDT using BTC as collateral at a 40% loan-to-value ratio. The loan features a 0.5% one-time promotional fee with no additional interest for the first 30 days. Price volatility will not trigger liquidation during this initial period, though late repayments may incur daily penalties and potential liquidation.
Summaries are written by AI from the original article. Not investment advice.