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USDT Borrowing Against More Than $10 Million in Bitcoin Rose 83%

Users posting more than $10 million in Bitcoin as collateral increased their USDT borrowing by 83% in September.

By Enna Lee
Published
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Bitcoin-style coins arranged beside green stablecoin tokens / TokenPost.ai
Bitcoin-style coins arranged beside green stablecoin tokens / TokenPost.ai

USDT borrowing by users posting more than $10 million in Bitcoin (BTC) as collateral rose 83% in September, highlighting increased activity in large crypto-backed loans.

The $10 million threshold refers to the value of the Bitcoin posted as collateral, not the amount of USDT borrowed. Borrowers used BTC-backed collateral to access Tether’s USDT through crypto lending platforms.

These platforms let users borrow digital assets against cryptocurrency holdings. The September increase reflects stronger borrowing activity among users with larger Bitcoin positions.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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