Uphold to Launch XRP, ETH, and BTC-Backed Loans by December
Uphold to Launch XRP, ETH, and BTC-Backed Loans by December
U.S.-based crypto platform Uphold is set to introduce a new lending service by December. The offering will allow users to collateralize loans with XRP, Ethereum (ETH), and Bitcoin (BTC), enhancing the utility of these digital assets.
New Crypto Lending Service Expected from Uphold
U.S. crypto firm Uphold has announced plans to roll out a new crypto lending product in December. This initiative will enable users to obtain loans using several prominent cryptocurrencies as collateral. Specifically, the service will support loans backed by XRP, Ethereum (ETH), and Bitcoin (BTC). This move is anticipated to provide holders of these assets with additional financial flexibility and new avenues for leveraging their digital holdings.