Binance expands lending options with investment in the USUAL token and stablecoin. As of December 25, 2024, Binance has announced that the Usual protocol token (USUAL) will be added as a new borrowable asset under the Collateral Lending program.
This move is expected to increase flexibility in borrowing by allowing users to use assets from Binance Earn — Binance's platform to earn rewards for holding cryptocurrency — as collateral and benefit from real-time annual profits.
The inclusion of USUAL in Binance's flexible lending portfolio aligns with the platform's growing focus on stablecoin innovation. Recently, Binance Labs invested in the Usual protocol, a decentralized stablecoin issuance unit backed by real assets. This partnership reinforces Binance's commitment to integrating advanced technologies and assets into its ecosystem, providing more opportunities for users.
Known for its dynamic structure, the Collateral Loan feature — also known as Demand Rate — allows users to manage loans with adjustable terms. The lending rate is updated every minute, ensuring both transparency and flexibility. With the minimum loan amount set at the equivalent of one USDC, this service is accessible to many users.
To properly understand the terms and associated risks, users are recommended to refer to the FAQ and Binance's official lending guide. Borrowers are encouraged to act cautiously and make informed decisions.
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