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Aug 21, 05:27 PM
NYDIG, Arch and Ready Boost Bitcoin-Backed Lending Amid Price Surge
Fintech
DeFi
Tech
Crypto

NYDIG, Arch and Ready Boost Bitcoin-Backed Lending Amid Price Surge

Authors
  • Ready (Formerly Argent)
  • Kyle Chassé / DD🐸
  • borovik
12

Several digital-asset lenders rolled out new bitcoin-collateralized borrowing products this week, aiming to help investors tap liquidity without having to sell the world’s largest cryptocurrency, which is trading near a record high. Arch Lending said customers can obtain same-day U.S. dollar loans with only a few clicks, and that the credit line automatically grows as the value of their bitcoin increases. The company positions the service as an on-demand line of credit tied directly to market moves. Institutional specialist NYDIG introduced the “HODL Loan,” describing it as an institutional-grade facility that keeps collateral in segregated custody accounts and offers automated margin alerts. NYDIG, which has operated bitcoin-secured lending for more than five years, said the new structure provides competitive rates and scalable liquidity for banks and corporate treasuries. Start-up Ready Co unveiled a product that lets retail users borrow the USDC stablecoin against their bitcoin and spend it immediately with the firm’s Ready Card, combining collateralized borrowing with a payments rail. Industry participants at the Baltic Honey Badger conference and on related podcasts said the ability to borrow at comparatively low rates while maintaining long-term exposure to bitcoin could encourage broader adoption, though they cautioned that price volatility still poses margin-call risks.

Written with ChatGPT .

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