Binance Launches USUAL as a New Flexible Lending Asset

On December 25, 2024, Binance introduced the USUAL token as a new asset available for borrowing under its Pledged Loan program. This addition aims to enhance borrowing flexibility by allowing users to use assets from Binance Earn—a platform offering rewards on crypto holdings—as collateral while benefiting from real-time annualized returns.

The inclusion of the USUAL token aligns with Binance’s growing focus on stablecoin innovation. Recently, Binance Labs invested in the Usual protocol, a decentralized stablecoin issuer backed by real-world assets. This partnership underscores Binance’s commitment to integrating advanced technologies and diverse assets into its ecosystem, providing more opportunities for users.

The Pledged Loan feature, also known as the Demand Rate, offers a dynamic and flexible lending structure, allowing users to manage loans with adaptable terms. Loan rates are updated every minute, ensuring transparency and flexibility. With a minimum loan amount of just one USDC equivalent, the service is accessible to a wide range of users.

To fully understand the terms and risks involved, users are advised to consult Binance’s official loan FAQs and guidelines. It is recommended that borrowers proceed with caution and make informed decisions when utilizing this lending feature.