Uphold Unveils Instant Crypto-Backed Loans Through Exactly DeFi Protocol
Uphold, a financial technology company, has launched instant cash loans against crypto holdings through the Exactly DeFi Protocol. This service is available to Uphold's retail customers in the U.S., who can borrow against their BTC, ETH, XRP, or
The loans are offered through the Exactly Protocol and can be accessed in the Uphold app alongside the Exa Credit Card. This is the second option for borrowing against crypto assets, with customers able to either borrow funds to spend on the credit card or receive
The loan program offers competitive fixed-rate terms starting at 4.28% APR and flexible repayment dates with no early repayment penalties. Users can also defer the full loan, including interest, to a later date. Repayment timelines are flexible, allowing users to manage their cash flow effectively.