How people use bitcoin (BTC)-backed loans beyond trading
Summary
Bitcoin-backed loans are increasingly being used for everyday expenses, tuition, business working capital and investments, rather than solely by miners or traders. Lenders SALT and Ledn say borrowers use credit to access cash while keeping their bitcoin exposure; Ledn reports more than $11 billion in loans funded. Providers are working toward more predictable, fixed-rate products, while Coinbase has added short-term fixed-rate bitcoin-backed loans. Ledn says lending against other hard assets, including gold, could expand the model.
