# Strike Announces Worldwide Rate Cuts for Bitcoin-Backed Loans By John Kim Canonical URL: https://www.tokenpost.com/news/business/42883 Published: 2026-10-28T19:46:03.000Z Updated: 2026-10-28T19:46:03.000Z Section: Business > The worldwide reduction follows a U.S. rate cut about six months earlier. 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. ## Links in this article - [Ledger Wallet lending launch](https://www.tokenpost.com/news/business/37212)