Binance launches Bitcoin collateral Lite Loan small loan product

Binance officially launched the Lite Loan small loan product for Bitcoin collateral today, allowing eligible users to borrow up to 1,000 USDT using BTC as collateral, without the need to sell Bitcoin.

This product is aimed at users with small, short-term funding needs, and the collateralized Bitcoin can also come from the Simple Earn flexible product while continuing to earn returns. The borrowed USDT can be used for trading.