币安推出BTC抵押借贷产品Lite Loan，最高可借1000 USDT

Odaily News: Binance has launched a new crypto lending product, Lite Loan, which allows eligible users to collateralize BTC to borrow up to 1000 USDT without selling their Bitcoin holdings.

Binance stated that this product is primarily aimed at users with small-scale, short-term funding needs. Unlike Binance's existing loan products, Lite Loan will not trigger liquidation due to BTC price fluctuations during the initial 30-day loan term. If users fail to repay the loan after 30 days, they can extend it for up to another 30 days, with an annualized interest rate of 36% during the overdue period. Liquidation risk will be triggered when the loan-to-value ratio reaches 91%. (The Block)