Binance introduces USUAL as a new flexible lending asset

Binance expands lending options with USUAL token and stablecoin investment.

As of December 25, 2024, Binance announced that the Usual protocol (USUAL) token will be added as a new borrowable asset under the Pledged Loan program.

The move hopes to increase borrowing flexibility by enabling users to use assets on Binance Earn (Binance’s platform to earn rewards on crypto assets) as collateral and benefit from real-time annual returns.

USUAL’s inclusion in Binance’s flexible loan portfolio aligns with the platform’s increasing focus on stablecoin innovation. Recently, Binance Labs invested in the Usual protocol, a decentralized stablecoin issuer backed by real-world assets. This partnership strengthens Binance’s commitment to incorporating the latest technologies and assets into its ecosystem, providing users with more opportunities.

The Pledged Loan feature, known for its dynamic structure and also called Demand Rate, allows users to manage loans with adaptable conditions. Loan rates are updated every minute, providing both transparency and flexibility. By setting the minimum loan amount to just one USDC equivalent, the service is accessible to a wide range of users.

To properly understand the terms and risks involved, users are advised to consult Binance’s official credit FAQs and guidelines. Borrowers are encouraged to exercise caution and make informed decisions.