Loan

USD Coin

Loan

USD Coin loans.
Borrow against USDC.

Empower Your Crypto Journey with Beast's Flexible Financing Solutions

Wallet for Android

Wallet in Telegram

Wallet in browser

What is USD Coin?

USD Coin (USDC) is fiat-collateralized stablecoin that offers the advantages of transacting with blockchain-based assets while mitigating price risk. Each USDC is issued as an ERC-20 token on the Ethereum blockchain and is 100% collateralized by a corresponding USD held in accounts subject to regular public reporting of reserves.

How do loans backed by USDC works

Crypto loans provide an easy solution for both borrowers and lenders. Borrowers can receive funds in USDT while using their cryptocurrencies as collateral, allowing them to retain ownership of their digital assets. This removes the necessity for credit checks and extensive paperwork, streamlining the process and making it more cost-effective.

Lenders can place their cryptocurrency, such as USD Coin (USDC), into a specialized account on the Beast platform. The custodian manages the relationships between borrowers and lenders, ensuring a secure transaction. They serve as a reliable mediator, safeguarding the interests of both parties involved.

Borrowers gain the advantage of accessing liquidity without having to sell their cryptocurrencies. This is particularly advantageous during market ups and downs, helping them avert potential losses. The lending system also makes the borrowing experience simpler and eliminates the requirement for credit assessments.

Lenders can accumulate interest on their deposited assets from the repayments of the loans. This grants them a chance to earn from their cryptocurrency investments. It’s a beneficial scenario where borrowers secure loans while lenders gain from their contributions.

Beast’s platform facilitates the connections between lenders and borrowers, with blockchain technology ensuring secure transactions without middlemen. This diminishes fraud risk and fosters a reliable lending atmosphere.

USD Coin Loan Calculator

Crunch the Numbers and Discover Your Loan Potential

Loan amount

USDT

Collateral Required

Interest rate

15% per year

Monthly Interest Amount

Quarterly Interest Amount

Yearly Interest Amount

Borrow crypto

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 USD Coin? Borrow usd against USD Coin on Beast

The process of getting an USD Coin cryptocurrency loan is quite simple. First, you need to create your account on Beast, a platform that offers USD Coin cryptocurrency lending services. Then, you need to provide your USDC 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 USD Coin 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 USD Coin? Borrow usd against USD Coin on Beast

To authorize an USD Coin 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 USDC Crypto Loans

USD Coin lending

Loans secured by USD Coin have gained traction among cryptocurrency investors seeking funds. By leveraging their USD Coin assets, users can access immediate liquidity without having to liquidate their holdings. These USDC loans are supported by the value of the borrower's USD Coin, creating a safe borrowing ecosystem. Now, individuals can effortlessly secure a USDC loan and utilize the capital for many needs, such as making investments, settling bills, or launching a new venture. This groundbreaking approach to USDC lending has unlocked fresh avenues for borrowers to make use of their USD Coin assets and secure essential funding.

USDC as a collateral

USD Coin, often referred to as USDC, has gained significant traction as a favored option for crypto-secured loans. Through USD Coin lending services, users can either borrow USDC or lend their holdings to generate interest. These loans empower individuals to leverage their USDC assets, allowing for immediate access to cash without needing to liquidate their investments. Additionally, borrowers can take out loans in USD against their USDC, enhancing their liquidity and options. So, how do these loans operate? Users simply pledge their USDC as collateral, and depending on its worth, they can secure a loan. These convenient crypto loans cater to those looking for swift funding while preserving their USD Coin holdings.

Interest rates for loans secured by USD Coin.

At Beast, we recognize how crucial competitive interest rates are. That's why we provide cryptocurrency loans at an appealing rate of 9%. Whether you're seeking funds for personal use or business expenses, our low-interest options offer an economical way to gain liquidity without liquidating your precious cryptocurrencies.

One standout aspect of Beast's crypto loans is our collateralization method. If a borrower is unable to repay, the collateral in USDC stays with Beast, while the borrower retains the Tether USDT given to them. This creates an equitable system for loan recovery that benefits both parties involved.

To safeguard against USD Coin devaluation, Beast incorporates an automatic liquidation feature. Should the collateral's value dip below a set limit, the loan will be liquidated. This proactive step shields both lenders and borrowers from possible losses during market declines.

At Beast, we prioritize transparency and user-friendliness. Our clients can effortlessly track their loan status through our intuitive interface. Furthermore, borrowers enjoy the freedom to add collateral, settle loans early, or complete repayment by paying back the borrowed sum plus the interest incurred.

If you're curious about securing a loan using cryptocurrency, Beast provides instant coin loans. You can obtain funds against USD Coin and receive Tether USDT. Our crypto-backed loans deliver a fast and efficient solution to meet your financial needs.

Borrow crypto

Why choose USD Coin 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 USD Coin Crypto Loan?

Beast USD Coin 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 USD Coin 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 USD Coin 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 USD Coin 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.

Can't find the answer to your question? Visit our support center