7 Best Stablecoin Loans of 2022
If you’re looking for a pain-free way to manage your stablecoins and finance purchases big and small, then you’ll want to check out these stablecoin-backed loan accounts.
ALSO CONSIDER: Best crypto loans || Best Bitcoin loans
When it comes to taking out a loan, stablecoins are often the collateral of choice. This is because they are less volatile than other cryptocurrencies, making them a more secure investment.
With a stablecoin backed loan, you can get the cash you need without having to sell your coins. This is a great option if you want to keep your coins invested and earn interest on them.
There are a number of crypto loan platforms (7+) that allow you to use your stablecoins as collateral, so we’ve compiled a list of the best options for you.
Stablecoin Loans Roundup
| Coin | Platform | Interest Rate (APR) |
|---|---|---|
| USD Coin | Nexo | 0.001% |
| USD Coin | CoinLoan | 4.95% |
| USD Coin | YouHodler | 26.07% |
| Tether | LendingBlock | 5.6% |
| USD Coin | BlockFi | 7.9% |
Best Nexo Stablecoin Loans
| Coin | Platform | Interest Rate (APR) |
|---|---|---|
| USD Coin | Nexo | 0.001% |
| Tether | Nexo | 0.001% |
Best CoinLoan Stablecoin Loans
| Coin | Platform | Interest Rate (APR) |
|---|---|---|
| USD Coin | CoinLoan | 4.95% |
| Tether | CoinLoan | 4.95% |
Best YouHodler Stablecoin Loans
| Coin | Platform | Interest Rate (APR) |
|---|---|---|
| USD Coin | YouHodler | 26.07% |
| Tether | YouHodler | 26.07% |
Most favorable loan rates by stablecoin
| Stablecoin | Number of Platforms | Lowest Interest Rate (APR) | Highest LTV |
|---|---|---|---|
| USD Coin (USDC) | 6 | From 0.001% (Nexo) | Up to 85.5% (Nexo) |
| Tether (USDT) | 5 | From 0.001% (Nexo) | Up to NaN% (Nexo) |
| Dai (DAI) | 6 | From 0.001% (Nexo) | Up to 20% (Nexo) |
| Binance USD (BUSD) | 4 | From 4.95% (CoinLoan) | Up to 85% (CoinLoan) |
| Gemini Dollar (GUSD) | 2 | From 7.9% (BlockFi) | Up to 35% (BlockFi) |
The best loan for you
So, if you’re looking for a stablecoin backed loan, which platform should you choose? We’ve compared the best options available to help make your decision. All of these platforms offer competitive interest rates and fast approval times, so it really comes down to personal preference. Currently, it's possible to borrow with LTV as high as 70% with Nexo. Do you want to use a specific stablecoin or do you want the flexibility of choosing any stablecoin on the platform? Either way, many of these options should suit your borrowing needs.
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