RATE Group | BlockFi Includes Litecoin and USDC in Lending Portfolio
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BlockFi Includes Litecoin and USDC in Lending Portfolio

09 Jan BlockFi Includes Litecoin and USDC in Lending Portfolio

Posted at 20:44h in Cryptocurrency News by

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BlockFi

Cryptocurrency has gone through a lot of new developments over the past few months and today, cryptocurrency lending company BlockFi made a major new announcement. The company, which operates its own platform, announced today that it has added support for two more digital assets.

Major Expansion

The company announced that from now on, loans can be disbursed in the form of Litecoin as well as in the stablecoin USDC. USDC is backed by the United States Dollar. This is a significant development for Litecoin and USDC, as both those cryptocurrencies will now be made available to a wider pool of customers.

In addition to the digital assets added today, the other cryptocurrencies in which loans are made from the BlockFi platform include Gemini Dollar, Ethereum, and Bitcoin. However, it is important to note that the platform is not only meant for lending purposes. Customers will also be able to trade in these cryptocurrencies and earn interest on what they store in their wallets. In order…

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