After Circle, another one is trying to get institutions to “hold the coins and borrow money”
A few days ago, I wrote about Circle letting institutions use Bitcoin as collateral to borrow USDC.
Today I ran into GalaxyOne launching a multi-asset credit line: deposit the coins into custody and you don’t have to move them—you can borrow cash against the limit. 💸
When you connect these two things, the direction is actually very clear. It’s not about having large holders sell the coins they have. Instead, it’s about letting them keep holding the coins while getting the money in hand.
For the group that hoards coins long-term and leaves them untouched, this solves exactly the most awkward problem: they need cash urgently but don’t want to cut losses by selling at a low point.
What I care about more is the pace. Since the beginning of this year, these “borrow cash against coins” products have been popping up one after another, which shows that the demand to borrow is real. The channels for lending are also opening wider and wider. As for whether this is a good thing or a hidden risk, we probably won’t be able to tell until the next round of sharp volatility.
So let me ask this: as this “borrow money against coins” route keeps getting broader, do you think it’s quietly adding leverage to the market—or giving long-term holders more exit options?
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#circle推出机构比特币抵押借贷
A few days ago, I wrote about Circle letting institutions use Bitcoin as collateral to borrow USDC.
Today I ran into GalaxyOne launching a multi-asset credit line: deposit the coins into custody and you don’t have to move them—you can borrow cash against the limit. 💸
When you connect these two things, the direction is actually very clear. It’s not about having large holders sell the coins they have. Instead, it’s about letting them keep holding the coins while getting the money in hand.
For the group that hoards coins long-term and leaves them untouched, this solves exactly the most awkward problem: they need cash urgently but don’t want to cut losses by selling at a low point.
What I care about more is the pace. Since the beginning of this year, these “borrow cash against coins” products have been popping up one after another, which shows that the demand to borrow is real. The channels for lending are also opening wider and wider. As for whether this is a good thing or a hidden risk, we probably won’t be able to tell until the next round of sharp volatility.
So let me ask this: as this “borrow money against coins” route keeps getting broader, do you think it’s quietly adding leverage to the market—or giving long-term holders more exit options?
👉 关注我，点击进入聊天室，学习更多策略
#circle推出机构比特币抵押借贷
