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Binance Unveils Lite Loan with Fixed 30-Day Term

Guavy AI Editorial Team
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BTC USDT BNB
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Binance has launched Lite Loan, a new borrowing product that allows eligible users to obtain $USDT immediately by pledging Bitcoin as collateral.

The product sets a fixed 30-day term and offers a nonrefundable service fee of 0.5% for orders completed between August 4 at 10:00 UTC and September 3 at 09:59 UTC, before returning to 1%.

Lite Loan is designed to provide borrowers with a defined repayment window without requiring active loan-to-value management during Bitcoin price swings.

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