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Produced by Daniel Aharonoff & Mogul Media AI

Binance Ends Support for BUSD Stablecoin: What It Means for Users and the Future of Stablecoins

Binance, one of the largest cryptocurrency exchanges in the world, has made the decision to end support for its Binance USD (BUSD) stablecoin. This move comes after Paxos, the company responsible for minting new BUSD coins, announced that it would be halting its operations. The transition is set to take place on December 15th, and it will have significant implications for users of the BUSD stablecoin. Automatic Conversion to First Digital USD Starting on December 31st, many users' BUSD balances on Binance will be automatically converted into First Digital USD. This conversion will take place seamlessly, and users will not be required to take any action. The transition is designed to ensure a smooth and uninterrupted experience for BUSD users. Implications for BUSD Users While the automatic conversion should minimize any disruption for BUSD users, it is important for them to be aware of the implications of this change. Once their BUSD balances are converted into First Digital US
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Produced by Daniel Aharonoff & Mogul Media AI

The Best Bitcoin Loan Platforms of 2023: Top Picks from Ethereum Expert EthDan

As an Ethereum expert, I have noticed a growing interest in Bitcoin loans among cryptocurrency enthusiasts. While Bitcoin loans can be an effective way to get access to liquidity without selling your BTC holdings, it is crucial to choose the right platform to avoid scams and frauds. In this article, I will discuss the best Bitcoin loan platforms of 2023 that I believe are trustworthy and reliable.

BlockFi

BlockFi is a popular Bitcoin lending platform that offers loans at competitive interest rates. The platform allows you to borrow up to 50% of your Bitcoin holdings for a term of 12 months. BlockFi's interest rates start at 4.5% and go up to 9.75% depending on the loan amount and term. The platform also offers flexible repayment options and does not charge any prepayment penalties.

Celsius Network

Celsius Network is another reputable Bitcoin lending platform that offers loans at attractive interest rates. The platform allows you to borrow up to 50% of your Bitcoin holdings for a term of 6 months to 3 years. Celsius Network's interest rates start at 1% and go up to 10.5% depending on the loan amount and term. The platform also offers flexible repayment options and does not charge any origination or prepayment fees.

Nexo

Nexo is a popular Bitcoin lending platform that offers loans at competitive interest rates. The platform allows you to borrow up to 50% of your Bitcoin holdings for a term of 12 months. Nexo's interest rates start at 5.9% and go up to 11.9% depending on the loan amount and term. The platform also offers flexible repayment options and does not charge any prepayment penalties.

Unchained Capital

Unchained Capital is a Bitcoin lending platform that offers loans at competitive interest rates. The platform allows you to borrow up to 50% of your Bitcoin holdings for a term of 3 months to 3 years. Unchained Capital's interest rates start at 8.5% and go up to 12% depending on the loan amount and term. The platform also offers flexible repayment options and does not charge any prepayment penalties.

Conclusion

In conclusion, Bitcoin loans can be a great way to get access to liquidity without selling your BTC holdings. However, it is crucial to choose the right platform to avoid scams and frauds. The platforms I have discussed in this article are trustworthy and reliable, and I believe they are the best Bitcoin loan platforms of 2023. As always, do your own research and make an informed decision before using any Bitcoin lending platform.

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