Jack Mallers’ Strike Cuts Bitcoin Loan Terms to 6 Months to Kill Price Liquidations
Strike CEO Jack Mallers rolled out a new bitcoin-backed loan product on July 7 that removes price-triggered liquidations from the loan term entirely. The product, called volatility-proof loans, lets borrowers keep their bitcoin in place no matter how far…
Coinbase Introduces Bitcoin-Backed Loans
Coinbase, one of the leading cryptocurrency exchanges in the United States, has announced the launch of a new Bitcoin-backed loan program. This innovative product allows users to borrow USDC (USD Coin) against their Bitcoin holdings, providing a new way…
NYDIG to Approach Bitcoin-Backed Loans to Unlocking Capital with Float Financing
The New York Digital Investment Group (NYDIG), a subsidiary of Stone Ridge, is set to harness the power of insurance float to back Bitcoin loans. This innovative strategy is expected to offer liquidity to Bitcoin holders. It allows them to…