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TrueUSD

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TrueUSD loans.
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What is TrueUSD?

TrueUSD is a fiat-collateralized stablecoin issued by the TrustToken platform that keeps USD funds in third party escrow accounts without direct access by TrustToken. TrueUSD is an ERC-20 token issued on the Ethereum and corresponds on a 1:1 basis with US Dollars sitting in bank accounts. TrueUSD is the only stablecoin offering real time audits.

How do loans backed by TUSD works

Crypto lending provides an easy solution for both borrowers and lenders. Borrowers can secure loans in USDT while using their cryptocurrencies as collateral, allowing them to retain ownership of their digital assets. This approach eliminates the hassle of credit checks and excessive paperwork, making the process quicker and more economical.

Lenders can place their cryptocurrency, including TrueUSD (TUSD), into a specialized account on the Beast platform. A custodian manages the relationship between borrowers and lenders, ensuring a safe and smooth transaction. Acting as a reliable intermediary, they protect the interests of both parties.

For borrowers, this means access to capital without having to liquidate their cryptocurrencies, which is particularly advantageous during market volatility to avoid possible losses. Furthermore, the lending framework simplifies the loan experience and bypasses the need for credit evaluations.

Lenders can earn interest on their funds through repayments from the loans they issue, turning their cryptocurrency holdings into a source of income. This creates a symbiotic relationship where both borrowers and lenders gain.

The Beast platform effectively regulates the exchange between borrowers and lenders, with blockchain technology enhancing security and eliminating the need for middlemen. This lowers fraud risks, fostering a trustworthy lending atmosphere.

TrueUSD Loan Calculator

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USDT

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15% per year

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Crypto Loans explained

In our video, we take you on an exciting and informative journey into the realm of crypto lending and borrowing on the Beast platform. Discover how this revolutionary system works, learn how to take out a loan, and explore the seamless process of loan repayment. Packed with valuable insights and tips, this video is your ultimate guide to harnessing the potential of crypto credit.

How to get a loan on TrueUSD? Borrow usd against TrueUSD on Beast

The process of getting an TrueUSD cryptocurrency loan is quite simple. First, you need to create your account on Beast, a platform that offers TrueUSD cryptocurrency lending services. Then, you need to provide your TUSD as collateral and specify the loan amount you want to borrow. The platform then evaluates your collateral and gives you access to the required amount of Tether USDT.

Your creditworthiness is determined based on the value of your collateral, making the process of getting a cryptocurrency loan fast and convenient.

However, it is important to remember that TrueUSD cryptocurrency loans are not without risks. In case you default on the loan, your collateral can be seized. Therefore, you should carefully assess your repayment capacity before taking out a cryptocurrency loan.

How to get a loan on TrueUSD? Borrow usd against TrueUSD on Beast

To authorize an TrueUSD Crypto Loan, you will need to go to Features tab → Loan section → Borrow button

Choose the required loan amount the terms and conditions of the crypto loan, and apply for it by confirming it with a code from 2FA - application or E-mail or Telegram-bot.

Learn more about TUSD Crypto Loans

TrueUSD lending

TrueUSD lending is becoming a favored option for cryptocurrency users seeking funds. By leveraging their TrueUSD, individuals can secure loans, gaining immediate liquidity without needing to divest their assets. These loans are supported by the value of the borrower’s TrueUSD, creating a safe borrowing landscape. Now, obtaining a TUSD loan is straightforward, allowing borrowers to use the cash for different needs, such as investments, settling bills, or launching a venture. This creative TUSD lending approach has unveiled fresh prospects for people to utilize their TrueUSD assets and tap into essential funding.

TUSD as a collateral

TrueUSD, commonly referred to as TUSD, has gained traction as a preferred option for loans backed by cryptocurrency. Through TrueUSD lending services, users have the ability to either borrow TrueUSD or lend it to reap interest benefits. These loans permit people to utilize their TrueUSD assets as collateral, offering immediate funds without the necessity of liquidating their holdings. Borrowers can also obtain USD by using TUSD, thus ensuring more versatility and liquidity. So, how do TrueUSD loans function? In essence, users deposit their TUSD as security and, based on its worth, obtain a loan. These quick crypto loans present an effective way for individuals to get fast financial support while keeping their TrueUSD assets intact.

Interest rates for loans secured by TrueUSD.

At Beast, we recognize the significance of competitive interest rates. That’s why we provide cryptocurrency-backed loans at an appealing rate of 9%. Whether you require funds for personal use or business ventures, our low-interest loans present a budget-friendly option to gain liquidity without needing to part ways with your precious cryptocurrencies.

One standout aspect of Beast's crypto loans is the collateral process. If a borrower fails to repay, the collateral, which is TUSD, remains with Beast, while the borrower retains the Tether USDT they received. This guarantees a fair method of loan recovery, benefiting all parties involved.

To mitigate the risk of TrueUSD depreciation, Beast has implemented an automatic liquidation system. Should the value of the collateral dip below a specific level, the loan will be liquidated. This preemptive step safeguards both lenders and borrowers against potential losses during market fluctuations.

Beast prioritizes transparency and ease of use. Our clients can effortlessly track their loan status through our intuitive platform. Moreover, borrowers can choose to add more collateral, settle their loans early, or close their loan by paying the principal amount along with any interest earned.

If you’re curious about obtaining a loan with cryptocurrency, Beast provides instant coin loans. You can secure funds against TrueUSD and receive Tether USDT in return. Our crypto-backed loans offer a swift and convenient way to handle your financial requirements.

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Why choose TrueUSD Beast Loan

Take advantage of limitless possibilities: Get any amount at any time with our unbeatable cryptocurrency line of credit.

Easy access to funds

By leveraging your crypto assets as collateral, you can quickly obtain loans without the need for extensive credit checks or income verification, making the process more efficient and accessible.

35+ Currencies

Choose your collateral from over 35 cryptocurrencies and borrow instantly from USDT.

No inspections!

Cryptocurrency loans allow you to access credit without checking your credit history.

Interest - hourly

We charge interest on the loan hourly. However, during the first hour after taking out the loan, you have the opportunity to repay it without any additional fees. This sets us apart from our competitors.

Lower interest rates

Because cryptocurrency loans are collateralized, lenders often offer lower interest rates than traditional unsecured loans, making them more cost-effective for borrowers.

Flash approval

Receive funds in the same minute without spending more than 3 taps

Maintain ownership of your crypto

With crypto-backed loans, you retain ownership of your digital assets while using them as collateral. This allows you to benefit from potential market growth and regain full control of your assets once the loan is repaid.

FAQ

What is Beast TrueUSD Crypto Loan?

Beast TrueUSD Crypto Loan is a secure, overcollateralized, and flexible loan product. Users can take loans by pledging their crypto assets as collateral. With Beast, you don't have to worry about rehypothecation since we don't lend out your collateralized crypto to others.

How do I pledge my assets and start borrowing with Beast TrueUSD Crypto Loan?

To start, choose the crypto you'd like to pledge as collateral and the amount you'd like to borrow. Ensure you have sufficient crypto assets in your account to cover the required collateral. Once the process is complete, your collateral will be locked, and the loan will be transferred to your account.

What is LTV, and how much can I borrow from Beast TrueUSD Crypto Loan?

LTV (Loan-to-Value) represents the ratio between the value of the loan plus accrued interest and the value of your collateral. The LTV percentage determines how much you can borrow based on the collateral you pledge. For example, with a 50% LTV, if you pledge 1,000 USDT, you may borrow up to 500 USDT worth of assets.

Are there limits to how much I can pledge and borrow?

Yes, there are limits for each cryptocurrency. The maximum amount you can pledge or borrow depends on the specific crypto and may change periodically.

What is loan liquidation, and what is the liquidation LTV?

Loan liquidation occurs when the current LTV exceeds the liquidation LTV, which may happen if the collateral's value decreases or the loan's value increases. If liquidation occurs, you may lose some or all of your collateral.

What happens when a loan is liquidated?

When liquidation occurs, the outstanding loan amount will be repaid using the equivalent value of collateral. A partial liquidation happens when the liquidation doesn't fully cover the outstanding loan, and a full liquidation occurs when the entire loan is repaid using the collateral.

What is a margin call?

A margin call is a warning issued when your collateral-loan pair position reaches its margin call LTV. You can take action by adding more collateral or reducing the outstanding loan to lower the LTV.

Will I be notified in the event of margin calls or liquidations?

Yes, Beast will send notifications via email and SMS in case of margin calls or liquidations. However, timely delivery of these notifications cannot be guaranteed.

What interest rate applies to my loan?

Beast provides transparent interest rates for each cryptocurrency. Please refer to the platform for up-to-date interest rates.

How is interest accrued for my loan positions?

Interest accrues based on the total outstanding loan amount and the prevailing APR. The interest accrued is added to the total outstanding loan.

How do I repay my loan or adjust my LTV?

Use the 'Repay' or 'Adjust LTV' options in your account to repay loans or adjust collateral, respectively. You can only repay your loan using the same cryptocurrency you borrowed.

Which cryptocurrencies can I pledge or borrow on Beast Crypto Loan?

Beast Crypto Loan accepts a variety of cryptocurrencies as loanable and collateral assets. The list of available cryptocurrencies is updated periodically, so please refer to the platform for more information.

What can I do with the cryptocurrencies borrowed from Beast TrueUSD Crypto Loan?

You can use the borrowed cryptocurrencies for various purposes, including trading, investing, or withdrawing from the platform. The collateral you pledge remains with Beast as security for the repayment of your loan.

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