Binance expands lending options through USUAL token and stablecoin investments.
On December 25, 2024, Binance announced that it was adding the Usual Protocol token (USUAL) as a new loanable asset under its collateral lending program.
The move aims to increase lending flexibility by allowing users to use assets from Binance Earn – Binance’s platform for earning rewards on crypto holdings – as collateral and benefit from real-time annual returns.
The addition of USUAL to Binance’s flexible lending portfolio is in line with the platform’s growing focus on stablecoin innovation. Recently, Binance Labs invested in Usual Protocol, a decentralized stablecoin issuer backed by real-world assets. This partnership strengthens Binance’s commitment to integrating cutting-edge technologies and assets into its ecosystem and provides further opportunities for users.
Known for its dynamic structure, the pledged loan feature – also known as demand rate – allows users to manage loans with customizable terms. Loan interest rates are updated every minute, ensuring both transparency and flexibility. With a minimum loan amount of just one USDC equivalent, the service is accessible to a wide range of users.
To properly understand the terms and risks involved, users are recommended to consult the official Binance Loan FAQs and Policies. Borrowers are urged to proceed with caution and make informed decisions.
