News#BTC
What Is a Bitcoin-Backed Loan? Borrowing Against BTC Explained
Bitcoin-backed loans let holders borrow cash or stablecoins without selling BTC. Here's how collateral, LTV and liquidations work.
Bitcoin-backed loans let holders borrow cash or stablecoins without selling BTC. Here's how collateral, LTV and liquidations work.
Related market data
- BTC: price 84,452, 24h 2.41%, funding 0.0011%/h, OI $3.42B
Read the full story at decrypt.co: https://decrypt.co/resources/what-is-a-bitcoin-backed-loan-borrowing-against-btc-explained
Source: decrypt.co
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