VELIC, a recently launched cryptocurrency, and blockchain exchange ecosystem, today announced the launch of user loan services, starting from June 18th.
Initially, the loans will be offered in USDT, with an aggregate cap of 20,000 USDT per account.
The accepted form of collateral will be bitcoin (BTC), with plans to introduce support for additional collateral types in the coming months.
VELIC will offer users lower rates when paying interest with VELT, native Velic platform token.
VELT also offers users various other benefits including favorable interest rates and reduced credit card fees for crypto buying in the form of token rebates.