ViaBTC Expands USDT Loan Services with Multi-Crypto Collateral Options for Miners
In a significant move for cryptocurrency mining liquidity management, ViaBTC has substantially upgraded its collateralized loan services, now enabling miners to access USDT loans using multiple major cryptocurrencies as collateral. This strategic enhancement addresses the critical need for operational funding while preventing forced asset liquidation during market fluctuations. The expanded service supports BTC, BCH, LTC, and DOGE as collateral assets, providing miners with unprecedented flexibility in managing their cash flow requirements for essential expenses such as electricity costs and equipment maintenance. This development represents a major step forward in bridging traditional mining operations with modern decentralized finance solutions, offering miners a sustainable pathway to maintain operations without sacrificing long-term cryptocurrency holdings. The timing of this expansion is particularly relevant given the current market dynamics and increasing operational costs within the mining sector. By leveraging their substantial market position as the world's third-largest Bitcoin mining pool, ViaBTC demonstrates a deep understanding of miner needs while contributing to the overall stability and growth of the cryptocurrency ecosystem. This service not only provides immediate financial relief but also strengthens the fundamental infrastructure supporting blockchain networks worldwide.
ViaBTC Enhances Collateralized Loan Service for Crypto Miners
ViaBTC, the world's third-largest Bitcoin mining pool, has rolled out significant upgrades to its collateralized loan service, now supporting multiple cryptocurrencies. The revamped offering aims to provide miners with flexible liquidity solutions without forcing asset liquidation.
The service allows miners to pledge BTC, BCH, LTC or DOGE as collateral to secure USDT loans for operational expenses like electricity and equipment. With instant approvals and a simplified repayment system, miners can now access funds directly through ViaBTC's platform while maintaining exposure to potential crypto appreciation.
Key improvements include a reduced fixed annual rate of 9.9%—positioning it among the most competitive offerings globally—and a minimum loan threshold of just 50 USDT. "We're building an end-to-end mining ecosystem that addresses every pain point," said ViaBTC founder Haopo Yang.
How to Bet on Sports with Crypto: The Complete 2025 Guide
Crypto sports betting merges the adrenaline of sports with the efficiency of digital currencies like Bitcoin (BTC) and ethereum (ETH). Platforms supporting multi-chain compatibility offer instant deposits, low fees, and access to hundreds of markets—from football to MMA—while bypassing traditional banking bottlenecks.
Privacy and financial autonomy take center stage. Unlike conventional bookmakers, crypto sportsbooks minimize payment restrictions and middlemen interference. The choice of platform hinges on priorities: speed for traders, bonuses for casual bettors, or security for high-stakes players.
Setting up requires only a crypto wallet and compatible sportsbook. The process mirrors fiat betting but accelerates payouts and broadens global access. Market leaders now integrate tokens like USDT and SOL alongside niche options, creating a fragmented but opportunistic landscape.
Ethena's USDe Loses Dollar Peg in $2B Market Cap Plunge Amid Binance Glitch
Ethena's synthetic dollar USDe suffered a dramatic depegging event on Binance, shedding $2.2 billion in market capitalization within 48 hours. The stablecoin briefly collapsed to $0.65 before recovering parity, exposing vulnerabilities in crypto's algorithmic stablecoin infrastructure.
The incident coincided with a broader market rout triggered by geopolitical tensions, wiping out $20 billion in crypto open interest. Binance's pricing mechanism failure compounded the crisis, affecting wrapped assets like WBETH and BNSOL before the exchange issued $283 million in reimbursements.
USDe's structural fragility stems from its basis trade design - shorting perpetual futures while maintaining long spot positions. When funding rates plummeted during the risk-off cascade, the mechanism's redemption pressures became acute. "This was a stress test crypto's synthetic dollar ecosystem failed," observed one market maker, speaking on condition of anonymity.
