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Strike Announces Worldwide Rate Cuts for Bitcoin-Backed Loans

The worldwide reduction follows a U.S. rate cut about six months earlier.

By John Kim
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An unmarked metal coin secured inside a steel collateral clamp / TokenPost.ai
An unmarked metal coin secured inside a steel collateral clamp / TokenPost.ai

Strike announced lower rates on Bitcoin-backed loans worldwide, extending an earlier U.S. cut and changing borrowing costs for customers seeking loans against Bitcoin collateral in markets around the globe.

A separate Ledger Wallet lending launch initially supported four Ethereum markets. Users could borrow USD Coin (USDC) or Tether (USDT) against tokenized Bitcoin, including cbBTC or wBTC. Borrowing rates varied by market.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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