Binance Adds Tether Gold (XAUT) as Collateral for Loan Services

According to the announcement from Binance, Tether Gold (XAUT) has been introduced as a new collateral asset for both the Flexible Rate Loan and VIP Loan services. This addition aims to enhance the borrowing options available to users on the platform. The Binance Flexible Rate Loan is an isolated, overcollateralized, open-term loan product. It allows users to create isolated loan positions with distinct collateral-loan pairs, such as [USDT collateral + ETH loan] or [USDT collateral + BTC loan]. Each position comes with specific Loan-to-Value (LTV) ratios, as well as margin call and liquidation LTV levels. This structure provides users with flexibility in managing their loan positions. In addition, the Binance VIP Loan service caters to both personal and institutional clients, offering large over-collateralized loans with competitive rates and terms. This service is designed to unlock greater potential for users, enabling them to achieve objectives such as increased liquidity for long-term investments, leveraged trading, and hedging strategies. Users interested in these loan services can refer to the Loan Data for the latest interest rates and a comprehensive list of loanable and collateral assets. The introduction of Tether Gold (XAUT) as a collateral option is expected to provide users with more diverse opportunities for managing their digital assets effectively.