Lantern Finance, Inc. has made a significant update to its cryptobacked lending platform by adding three new cryptocurrencies as eligible collateral. This move aims to enhance the borrowing options for its US customers, and the publication provides the following information:
Newly Added Assets
- Bitcoin Cash (BCH)
- Chainlink (LINK)
- Sui (SUI)
Expansion of Supported Cryptocurrencies
This expansion is designed to provide users with more flexibility, allowing them to leverage their crypto holdings without the need to liquidate them. By incorporating these popular digital assets, Lantern Finance is positioning itself to better meet the diverse needs of its clientele in the evolving crypto lending landscape.
Recently, local businesses in Las Vegas have increasingly adopted Bitcoin as a payment method, highlighting a shift in the retail landscape that contrasts with Lantern Finance's expansion of crypto-backed lending options. For more details, see Bitcoin Acceptance.
