Blog - Product Updates

Introducing USDC on NFTfi

December 21, 20221 min read

Introducing USDC

Lenders and borrowers on NFTfi can start lending and borrowing USDC.

We are introducing USDC (USD Coin) as the third cryptocurrency (next to wETH and DAI), for taking out and giving out loans on NFTfi.

USDC is an ERC-20 token and is one of the most liquid stablecoins on the market. It has been requested by our community members many times, and per popular demand, we are adding it to our platform today. Users can now choose between wETH, USDC, and DAI. Additionally, DAI may depeg from USD in the future, and we want to provide an alternative stablecoin for lending and borrowing on NFTfi.

When making a loan offer or listing an asset as collateral, users can select USDC under loan terms.

offer in USDC NFTfi

If you have any questions regarding USDC, don’t hesitate to reach out in the #support channel in our Discord, and make sure you follow us on Twitter for updates.

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This article is for educational and informational purposes only and should not be considered financial advice. Conduct your own research and due diligence before making any investment or financial decisions, such as when considering novel products including NFT loans.


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