XRP, Litecoin, and USDC Joins Binance’s Six Other Crypto Lending Products


The third phase of the Binance lending products has been launched, the world's leading cryptocurrency exchange announced on Monday.

Gradually, as promised by the exchange, Binance is including more and more digital currencies to its lending product line, with two need additions made in this phase.

XRP is the first one, on which Binance is offering an annualized interest rate of 7% for the 14-day fixed term period. The same goes for Litecoin.

The exchange has put a total subscription cap of 1 million XRP and 6,000 LTC and will pay 0.268493 XRP and 0.002684 LTC on maturity.

The individual cap size meanwhile, is 50,000 XRP and 300 LTC and a lot size of 1 LTC and 100 XRP.

Stablecoin USDC is another addition to this list, with a total subscription cap of 2 million USDC, individual cap of 500,000 USDC, and a lot size of 100 USDC.

Other three digital assets in this phase are Binance’s native coin BNB, Ethereum Classic (ETC), and USDT.

The annualized interest rate on BNB has come down from 15% to 10% — one of the digital assets with the highest annualized interest rate — while that of USDT, and ETC remain the same at 10% and 7% respectively for the 14-day fixed term period.

Moreover, “BNB used in lending products still counts towards both the BandProtocol token sale & the 200,00,000 JEX token airdrop snapshots,” stated the exchange.

The subscription period for this phase is from Sept. 11 6:00 AM (UTC) to Sept. 12 0:00 AM (UTC). As for interest calculation period, it is from Sept. 11 6:00 AM (UTC) to Sept. 25 6:00 AM (UTC).

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide