Bithumb launches Tether lending service for corporate members

Source
Son Min

Summary

  • Bithumb said it will start a Tether (USDT) lending service for corporate members.
  • The collateral asset will be in Korean won, and loans of 100 million to 500 million Korean won are possible.
  • They said the lending ratio is 95% of the collateral, and the period is until the end of the month two months after the payment date.

Domestic virtual asset (cryptocurrency) exchange Bithumb is starting a Tether (USDT) lending service for corporate members.

On the 22nd (local time), Bithumb said on its official website, "We are starting a USDT lending service for corporate members who have completed customer verification," and "The collateral asset is in Korean won, and loans can be made from 100 million to 500 million Korean won."

The lending lending ratio is 95% of the deposited collateral, and the lending period is until the end of the month two months after the payment date.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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