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Blockchain.com becomes first crypto platform to offer borrowing USD with crypto
Blockchain.com, cryptocurrency products provider, just launched its new product offering – Borrow which allows users to borrow USD-denominated stablecoins against crypto assets. It is the first major crypto platform to offer lending directly to everyday consumers. Last August Blockchain.com launched institutional lending desk which quickly expanded originations from $10M in the first month to $120M in November. Peter Smith, Co-founder and CEO of Blockchain.com noted:Blockchain.com users can now borrow USD Digital stablecoins against bitcoin held in their Wallet across more than 180 countries. When the collateral is ... (full story)
