The Financial Services Commission (FSC) and Financial Supervisory Service (FSS) on Thursday announced the formation of a ...

"PNC took the lead with Coinbase, and other banks are going to study it. It's a copycat industry." ...

South Korea's financial regulators express concerns over crypto lending and margin trading services by Upbit and Bithumb ...

JPMorgan Chase (NYSE:JPM) plans to offer loans secured by clients' cryptocurrency holdings, specifically Bitcoin and Ethereum ...

Young professionals are revolutionizing personal finance by embracing digital-first approaches that their parents never ...

Crypto Loans: Crypto loans, on the other hand, utilize cryptocurrency holdings as collateral. Borrowers pledge their digital assets, such as Bitcoin or Ethereum, to secure the loan.

Mauricio explains that Ledn’s service is simple yet powerful. Bitcoin holders can use their cryptocurrency as collateral to secure dollar loans, much like borrowing against the value of a house.

The collateral is typically more valuable than the actual loan. For example, a borrower may deposit $1,000 worth of Ethereum to take a $500 loan in USDT (a stablecoin).