Bitcoin
Circle launches Bitcoin-backed USDC borrowing
Circle has launched Bitcoin-backed USDC borrowing in Circle Mint, letting eligible institutions use cirBTC collateral on Arc and Ethereum.
Loan
AI
ByteDance secures $29.6B loan for AI expansion: Bloomberg
ByteDance signed a $29.6 billion loan involving 28 banks as the TikTok developer increases spending on AI chips and data centers.
AI
Bullish provides USD.AI $100M facility for GPU loans
Bullish has provided USD.AI with a $100 million stablecoin debt facility to fund loans secured by graphics processing units used in artificial intelligence infrastructure. Bullish said…
Bitcoin
Coinbase, Better launch Bitcoin-backed home loans
Coinbase and Better Mortgage have made a Bitcoin-backed mortgage product generally available to qualified US homebuyers, allowing them to secure a down payment loan without selling…
Bitcoin
Why Bitcoin-backed loans need qualified custody and no rehypothecation, according to Arch Lending CTO
Arch Lending co-founder Himanshu Sahay has identified qualified custody, zero rehypothecation, and clear collateral rules as three safeguards needed to reduce risks in Bitcoin-backed lending. Himanshu…
Australia
Nexo Australia launches crypto loans from 0.9%
Nexo Australia has launched crypto backed credit lines with rates from 0.9% after becoming an authorised credit representative.