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Hodl Hodl Has Launched A New Platform Allowing Bitcoin Holders To Lend Or Borrow Stablecoins
Summary: Multisig peer-to-peer trading platform Hodl Hodl has launched a Bitcoin lending platform allowing Bitcoin users to lend or borrow stablecoins, according to an announcement on Thursday, October 22. Loans are available in multiple stablecoin formats with Liquid Tether (USDt) as the default option. The announcement highlights that no third-parties are involved meaning interest rates, loan ...
Multisig peer-to-peer trading platform Hodl Hodl has launched a Bitcoin lending platform allowing Bitcoin users to lend or borrow stablecoins, according to an announcement on Thursday, October 22.
Loans are available in multiple stablecoin formats with Liquid Tether (USDt) as the default option. The announcement highlights that no third-parties are involved meaning interest rates, loan periods and all other terms are set by the users.
Notably, Bitcoin holders can borrow stablecoins by putting their BTC down as collateral without know-your-customer procedures. Additionally, Hodl Hodl will not act as a custodian storing Bitcoin collateral but instead locks Bitcoin in multisig escrows.
The project received praise from crypto influencer Adam Back who applauded the modest interest rates and no artificial airdrop ponzinomics.
By Emily Mason
Tags: Bitcoin,Bitcoin Lending,BTC,Hodl Hodl,Liquid Tether,USDT
Link: Hodl Hodl Has Launched A New Platform Allowing Bitcoin Holders To Lend Or Borrow Stablecoins [Copy]
