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crypto.news 2024-12-25 08:11:20

Binance introduces USUAL as a new flexible lending asset

Binance expands lending options with USUAL token and stablecoin investment. As of Dec. 25, 2024, Binance announced that the Usual protocol ( USUAL ) token would be added as a new borrowable asset under its Pledged Loan program. The move hopes to increase borrowing flexibility by enabling users to use assets from Binance Earn —Binance’s platform for earning rewards on crypto holdings—as collateral and benefit from real-time annualized returns. The inclusion of USUAL into Binance’s flexible lending portfolio is in line with the platform’s growing focus on stablecoin innovation. Recently, Binance Labs invested in the Usual protocol, a decentralized stablecoin issuer backed by real-world assets . This partnership strengthens Binance’s commitment to incorporating cutting-edge technologies and assets into its ecosystem, offering further opportunities for users. You might also like: Binance announces Fantom to Sonic token swap and rebranding timeline Known for its dynamic structure, the Pledged Loan feature—also referred to as the Demand Rate—enables users to manage loans with adaptable terms. Loan rates are updated every minute, ensuring both transparency and flexibility. With a minimum loan amount set at just one USDC equivalent, the service is accessible to a broad range of users. To properly comprehend the terms and risks involved, users are recommended to consult Binance’s official loan FAQs and guidelines . Borrowers are encouraged to proceed with caution and make informed decisions. You might also like: Binance Labs invests in Perena to boost Solana stablecoin adoption