Xapo Bank has introduced a new lending product that allows members to secure USD loans by using their bitcoin holdings as collateral. This innovative service aims to help bitcoin holders preserve their investments while accessing their fiat value without selling. Members can borrow amounts up to $1,000,000 with flexible repayment terms ranging from 30 days to one year, and the bank employs conservative loan-to-value ratios to protect assets. This product represents a shift towards safer lending solutions in the crypto space, although caution is recommended regarding collateral risks.
Xapo Bank's new lending product allows bitcoin holders to access USD loans using their bitcoin as collateral, preserving their holdings while tapping into assets.
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