LTC now supported, and LTV increased to 50% for BTC, ETH and XRP
Today, Crypto.com announces the addition of Litecoin (LTC) as collateral to instantly secure a loan in Crypto Credit with 50% LTV.
Loan-to-Value (LTV) Ratio: The LTV for LTC is 50% (eg. If a user deposits 1,000 as collateral and the market price of LTC is at $54 USD, then a user will get a loan amount of $27,000 USD worth of TUSD/PAX). Also, the LTV (loan-to-value) ratio of Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) will be adjusted to 50% effective 2 December, 2019 10:00 UTC.
MCO Token Utility: Users with MCO Tokens staked enjoy a lower interest rate.
Notes: Interest begins from the day of initiation of the loan and will continue while the loan is in effect. The LTV Ratio may be adjusted by Crypto.com.