Nexo Australia launches regulated cryptocurrency-backed credit services

According to Cointelegraph, Nexo Australia announced the launch of a regulated cryptocurrency collateralized credit line, allowing eligible users to borrow Australian dollars or stablecoins using digital assets as collateral, without having to sell their held crypto assets.

The service typically disburses loans within 24 hours, supports flexible repayment, has no fixed term or issuance fees, and the interest rate ranges from 0.9% to 21.9%.