- BitTrade has introduced lending services for XRP and Shiba Inu, offering 2% APR interest on 90-day loans ranging from 100 to 500,000 XRP or 10 million to 10 billion SHIB
- Credefi Finance has integrated with the XRP Ledger to facilitate funding options for EU SME borrowers using stablecoins and crypto lenders
- Despite recent price drops, XRP and Shiba Inu trading volumes remain high, likely due to community token burn efforts and debates around major stablecoins and securities classifications
BitTrade has introduced lending services for XRP and Shiba Inu, offering crypto investors a new way to earn interest on their holdings. This is part of BitTrade’s broader strategy to diversify its offerings.
Lending Terms and Targeted Campaigns
The XRP and Shiba Inu lending terms are set at a 90-day duration with a 2% annual interest rate. Investors can lend amounts ranging from 100 to 500,000 XRP or 10 million to 10 billion SHIB. Alongside this launch, BitTrade is promoting the inclusion of Shiba Inu through various targeted campaigns.
Credefi Finance Integrates with the XRP Ledger
Credefi Finance has integrated with the XRP Ledger, allowing the use of stablecoins to facilitate funding options for EU SME borrowers. By leveraging cryptocurrency lenders, Credefi aims to address financing gaps within the EU.
Market Fluctuations and Community Efforts
Despite recent price drops, XRP and Shiba Inu trading volumes have shown significant activity. The Shiba community’s efforts in token burns have been highlighted as contributing to the heightened volumes.
These market activities occur alongside legal discussions like debates over Tether‘s billion-dollar deposit and a pro-XRP lawyer’s challenge to Charles Hoskinson for clarification on ADA‘s non-security status.
The crypto market continues to experience volatility alongside developments like new lending services and legal debates. However, community efforts and integrations with traditional finance systems demonstrate the overall growth of the space.