Binance Loans Introduces Fixed Rate Loans | Binance Announcement,Binance news,Binance Loans,Binance Fixed Rate Loans
Powered by @unfolded- Binance Loans introduces Fixed Rate Loans for stablecoin borrowing and lending with custom APR fixed for the entire order period.
- Borrowers need to place an order, set up collateral, confirm the order, and repay the loan before the expiry date to avoid late fees.
- Suppliers need to place an order, confirm it, and wait for the order to be matched, after which their supplied funds will be transferred and principal-protected by Binance.
- Binance Fixed Rate Loans aim to provide a stable and user-friendly financial environment by allowing users to customize their interest rate and offering predictable costs/returns, specifically for stablecoins.