OKX launches flexible USDC loans in Europe
- —Borrowing capped at 250,000 USDC, or 3.25 million USDC for VIP clients
- —Loans up to 80% of collateral value across more than 40 assets, including BTC, ETH and SOL
- —Hourly interest of 0.000229%, about 2% a year, with no fixed maturity
- —Terms state MiCA client asset protections do not apply to the service
Why it matters: OKX is expanding credit products in Europe under MiCA while placing the loans outside its safeguards, raising liquidation and consumer-protection risks.
Source: crypto.news