Blockchain.com announced the global launch of Crypto-Backed Loans, a lending product that lets crypto holders borrow against digital assets without selling them. According to the release, the service starts with rates as low as 1.9% per year.
The product targets global users and large crypto holders seeking liquidity, higher borrowing capacity and a premium client experience. Supported collateral includes USDC, Bitcoin and Ethereum, giving borrowers a way to fund major expenses while preserving exposure, though permitted uses vary across jurisdictions.
Blockchain.com said crypto-backed lending has surpassed more than $70 billion, framing the launch as part of a broader consumer and Wealth expansion. The next step is product scaling, with plans to expand lending transfers for high-net-worth individuals as the company builds out credit services.
Source: Blockchain.com via Chainwire.
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