Lantern Finance, Inc., a financial services and technology company, has reduced the interest rate on its Bitcoin-backed loans in the United States from 13% to 8% annually for one-year terms. The update also includes a 2% upfront fee.
Custody of collateral is handled by BitGo, which provides cold storage and insurance coverage of up to $250 million.
Lantern Finance continues to expand its lending platform across the U.S., supporting 12 digital assets. The firm uses a conservative risk model, including a maximum 50% loan-to-value ratio, a 72-hour grace period, and manual oversight during periods of high market volatility. According to the company, these measures have helped maintain stability for borrowers during previous market swings.
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