OKX launches flexible USDC loans in Europe
OKX introduced crypto-backed USDC loans for eligible users in Europe, with borrowing available without a fixed repayment date. The offering includes higher limits for VIP clients and carries variable hourly rates, collateral-price risk, and liquidation risk.
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European users who are eligible for the program can now take out USDC loans and repay them on a schedule that is not fixed in advance. VIP clients see a higher borrowing ceiling than standard users, and the terms include collateral and liquidation risks that remain part of the setup from the start.
Compared with a loan that has a fixed maturity, this setup leaves repayment timing open and allows borrowers to return funds whenever they choose. What does not change is that the loans still depend on posted collateral, and the hourly rate can move while the loan is outstanding. (per crypto.news)
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