Xapo Bank, based in Gibraltar, is re-entering the crypto lending Market by offering Bitcoin-backed loans in US dollars. Eligible clients can borrow up to $1 million using their Bitcoin as collateral, without the bank rehypothecating their assets. This means clients can keep their Bitcoin secure while accessing cash. Xapo’s loans are aimed at long-term Bitcoin ...
Coinbase has introduced a new service allowing users to borrow up to $100,000 in USDC stablecoins by using their bitcoin as collateral. This innovative feature can be accessed through the Coinbase app, with loans managed by the DeFi platform Morpho on the Base blockchain. Borrowing against bitcoin enables users to raise funds without triggering a ...
Allo has recently obtained a significant $100 million credit facility backed by bitcoin to enhance its platform that facilitates crypto lending for both institutions and individuals. This funding aims to merge traditional finance with blockchain technology, positioning Allo as a major player in the bitcoin ecosystem. The company has staked over 544 BTC, valued at ...
