Shiba Inu becomes collateral for loans on Binance! What does this mean for the popular memecoin?

2023-08-05 01:14:39

Binancehas listed SHIB along with 21 other tokens in its instant lending program.

This means that Binance users can now use SHIB as collateral to apply for flexible loans.

Without the need to commit to a specific term for payment.

The addition of SHIB as collateral for loans is a significant step for the project.

Since it seeks to increase its adoption and usability in the cryptocurrency ecosystem.

Previously, SHIB was already available for loans, with a limit of up to USD $80,000 at an annual rate of 0.57%.