Binance Enhances Lending Options with USUAL Token and Stablecoin Investments.
On December 25, 2024, Binance announced the addition of the Usual protocol (USUAL) token to its Pledged Loan program, enabling it as a new borrowable asset.
This strategic move aims to enhance borrowing flexibility, allowing users to leverage assets from Binance Earn—Binance’s platform designed for generating rewards on crypto holdings—as collateral while benefitting from real-time annualized returns.
The introduction of USUAL into Binance’s lending portfolio aligns with the platform’s commitment to advancing stablecoin innovation. Recently, Binance made significant investments in the Usual protocol, a decentralized stablecoin issuer backed by tangible assets. This collaboration reinforces Binance’s dedication to integrating groundbreaking technologies and assets into its ecosystem, creating further opportunities for users.
Recognized for its dynamic structure, the Pledged Loan feature, also known as Demand Rate, permits users to manage loans with flexible terms. Loan rates are refreshed every minute, providing both transparency and adaptability. With a minimum loan amount set at just one USDC equivalent, the service is designed to be accessible to a wide audience.
Users are encouraged to review Binance’s official loan FAQs and guidelines to fully understand the terms and risks associated with borrowing. Caution and informed decision-making are highly recommended for all borrowers.
