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Binance Enhances Lending Options with USUAL Token and Stablecoin Investment
As of December 25, 2024, Binance announced the addition of the Usual protocol (USUAL) token as a new borrowable asset under its Pledged Loan program. This expansion aims to increase borrowing flexibility by allowing users to utilize assets from Binance Earn – the platform’s feature for earning rewards on crypto holdings – as collateral and benefit from real-time annualized returns.
The inclusion of USUAL into Binance’s flexible lending portfolio aligns with the platform’s growing focus on stablecoin innovation. Binance Labs invested in the Usual protocol, a decentralized stablecoin issuer backed by real-world assets. This partnership strengthens Binance’s commitment to incorporating cutting-edge technologies and assets into its ecosystem, offering further opportunities for users.
Key Features of Binance’s Pledged Loan Program
The Pledged Loan feature, also referred to as the Demand Rate, enables users to manage loans with adaptable terms. Loan rates are updated every minute, ensuring both transparency and flexibility. The service is accessible to a broad range of users, with a minimum loan amount set at just one USDC equivalent.
Some key benefits of the Pledged Loan program include:
- Flexible loan terms
- Real-time annualized returns
- Low minimum loan amount (1 USDC equivalent)
- Transparency and adaptability
Important Considerations for Borrowers
To properly comprehend the terms and risks involved, users are recommended to consult Binance’s official loan FAQs and guidelines. Borrowers are encouraged to proceed with caution and make informed decisions.
Borrowing on Binance requires a clear understanding of the terms and risks involved. Users should always consult the official loan FAQs and guidelines before making a decision.
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