Today, Crypto.com announces the addition of Crypto.com’s MCO, XRP and Ethereum (ETH) to instantly secure a loan in Crypto Credit with 30% LTV.
Loan-to-Value (LTV) Ratio: The LTV for MCO, XRP, and ETH is 30% (eg. If a user deposits 50 ETH as collateral and the market price of ETH is at $200 USD, then a user will get a loan amount of $3,000 USD worth of TUSD/PAX).
MCO Token Utility: Users with MCO Tokens staked enjoy a lower interest rate
Notes: Interest begins from the day of initiation of the load and will continue while the loan is in effect. The LTV Ratio may be adjusted by Crypto.com.
For more details on Crypto Credit click here.
What is Crypto.com Credit?
With Crypto Credit, you decide your own repayment terms within a 12-month period.
NO fixed repayment schedule
NO monthly late fees or deadlines
Repay any amount, at any time, in the 12 months upon the start of their credit term.