From TokenPost · · 30s
USDT Borrowing Against Bitcoin Rose 83%
USDT borrowing using over $10m Bitcoin as collateral surged 83% in September.
In brief
USDT borrowing using over $10m Bitcoin as collateral surged 83% in September. Users with large Bitcoin holdings borrowed 83% more USDT through crypto lending platforms in September. Originally reported by TokenPost.
USDT Borrowing
USDT borrowing using over $10 million in Bitcoin as collateral rose 83% in September.
Collateral Threshold
The $10 million threshold refers to Bitcoin value posted, not USDT borrowed.
Borrowing Activity
Users with larger Bitcoin positions accessed more USDT through crypto lending platforms.
The headline
Users with large Bitcoin holdings borrowed 83% more USDT through crypto lending platforms in September.
