Binance Lists Terra USTC as a New Borrowable Asset

The post Binance Lists Terra USTC as a New Borrowable Asset appeared first on Coinpedia Fintech News

Binance announced on October 13 that TerraClassicUSD (USTC) has been listed on the Binance Loans platform as a new borrowable asset. The service presently supports approximately 80 cryptocurrencies, including BUSD, USDT, BTC, ETH, DOGE, ADA, SHIB, XRP, SOL, and more.

Binance Loans enables users to borrow cryptocurrency for margin, spot, or futures trading and staking in order to achieve high yearly returns. Users who want to trade USTC can borrow it for spot and margin trading, among other things. Users must, however, show collateral in any other accepted crypto assets.