Bitcoin-backed lending recovers as rates range from 5.8% to 14.18%
- —Crypto lending against BTC collateral has tripled since late 2023
- —Rende completed a $188 million securitization; senior tranche rated BBB- by S&P
- —Coinbase has issued more than $1 billion in Bitcoin-backed loans
- —Rates: Coinbase from 5.8%, Salt 7.49–10.5%, Strike 10.5–13%, Unchained 14.18% APR
Why it matters: Borrowing against BTC instead of selling reduces sell pressure, but liquidation risk in a sharp drawdown remains the key variable.
Source: Digital Today