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.

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.

Discord | Twitter | Join the Ambassador program

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