Bitget Adds Stablecoin Loans Backed by 26 U.S. Stock Tokens
Uk Jin
Summary
- Bitget said it has launched a stablecoin lending service backed by 26 U.S. stock tokens as collateral.
- The first group of supported assets includes U.S. stock and ETF-based tokens such as Nvidia (rNVDA), Apple (rAAPL), Alphabet (rGOOGL) and the Nasdaq-100 ETF (rQQQ).
- Users holding those tokens can borrow Tether (USDT) and USDC against them as collateral, with the service rolling out first on the web and coming to the mobile app next week.
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Crypto exchange Bitget has launched a service that allows users to borrow stablecoins by posting 26 U.S. stock tokens as collateral.
In an official announcement on July 10, Bitget said its margin lending service now supports stock tokens, or rTokens, as collateral assets. The initial lineup includes 26 tokens tied to U.S. stocks and exchange-traded funds, including Nvidia (rNVDA), Apple (rAAPL), Alphabet (rGOOGL) and the Nasdaq-100 ETF (rQQQ).
Users who hold those tokens can borrow major stablecoins, including Tether's USDT and USDC, against them. The feature is initially available on the web version and will be added to the mobile app next week.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.