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TrueUSD

Loan

TrueUSD loans.
Borrow against TUSD.

Empower Your Crypto Journey with Cropty's Flexible Financing Solutions

What is TrueUSD?

TrueUSD is a fiat-collateralized stablecoin issued by the TrustToken platform that keeps USD funds in third party escrow accounts without direct access by TrustToken. TrueUSD is an ERC-20 token issued on the Ethereum and corresponds on a 1:1 basis with US Dollars sitting in bank accounts. TrueUSD is the only stablecoin offering real time audits.

How do loans backed by TUSD works

Crypto-financing provides a straightforward method for those seeking loans and those providing it. By leveraging their crypto assets as guaranteed security, borrowers can easily receive loans in USDT while maintaining ownership of their digital holdings. This method cuts out the need for traditional credit inquiries and paper trails, vastly speeding up the process while cutting costs.

Lenders, on the other hand, can ensconce their cryptocurrency, such as TrueUSD (TUSD), within a dedicated Cropty platform account. The role of custodian is played out in this space – mediating interactions between the borrowing and lending parties to ensure the safety and security of all transactions. In this capacity, they ensure that the interests of both parties are upheld.

The unique benefits for borrowers underline the potential to access funds without disposing of their cryptocurrency. In an often volatile market, this fosters resiliency against potential losses. The simplified loan conveyor also removes credit checks from the equation.

On the flip side, lenders can see returns on their invested crypto through repayment of loans - producing profitable outcomes from their digital commodity. This creates an advantageous cycle where loan seekers get their lending needs met whilst lenders accrue benefits for their involvement.

In creating a regulated environment for lenders and borrowers, Cropty utilises blockchain tech for secure, intermediary-free transactions. This reduces the likelihood of fraud and establishes a safe space for loans transactions.

TrueUSD Loan Calculator

Crunch the Numbers and Discover Your Loan Potential

Loan amount

USDT

Collateral Required

Interest rate

15% per year

Monthly Interest Amount

Quarterly Interest Amount

Yearly Interest Amount

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Crypto Loans explained

In our video, we take you on an exciting and informative journey into the realm of crypto lending and borrowing on the Cropty platform. Discover how this revolutionary system works, learn how to take out a loan, and explore the seamless process of loan repayment. Packed with valuable insights and tips, this video is your ultimate guide to harnessing the potential of crypto credit.

How to get a loan on TrueUSD? Borrow usd against TrueUSD on Cropty

The process of getting an TrueUSD cryptocurrency loan is quite simple. First, you need to create your account on Cropty, a platform that offers TrueUSD cryptocurrency lending services. Then, you need to provide your TUSD as collateral and specify the loan amount you want to borrow. The platform then evaluates your collateral and gives you access to the required amount of Tether USDT.

Your creditworthiness is determined based on the value of your collateral, making the process of getting a cryptocurrency loan fast and convenient.

However, it is important to remember that TrueUSD cryptocurrency loans are not without risks. In case you default on the loan, your collateral can be seized. Therefore, you should carefully assess your repayment capacity before taking out a cryptocurrency loan.

How to get a loan on TrueUSD? Borrow usd against TrueUSD on Cropty

To authorize an TrueUSD Crypto Loan, you will need to go to Features tab → Loan section → Borrow button

Choose the required loan amount the terms and conditions of the crypto loan, and apply for it by confirming it with a code from 2FA - application or E-mail or Telegram-bot.

Learn more about TUSD Crypto Loans

TrueUSD lending

Crypto loans anchored on TrueUSD have gained a surge in popularity as an alternative means for those with cryptocurrency to unlock funds. Borrowers leverage their TrueUSD reserves to get TrueUSD-backed loans, giving them immediate cash flow without having to dispose of their holdings. These loans are safeguarded by the value of the borrower's TrueUSD, offering a secure financial ecosystem. Whether it's for investment, bill payment, or kick-starting an enterprise, anyone can effortlessly secure a TUSD loan and utilise the liquidity as they see fit. This cutting-edge TUSD lending practice has paved the way for crypto holders to maximise their TrueUSD assets and obtain crucial wealth.

TUSD as a collateral

TUSD, favoured for crypto-secured loans, allows individuals to either lend or borrow. Utilising TrueUSD lending platforms provides immediate availability of funds without asset sell-off. Loans, even in USD against TUSD holdings, furnish flexibility and liquidity. How does it operate? Mainly, they secure TUSD as a 'promise' and based on its merit, a loan is granted. TrueUSD loans offer a practical answer for quick fund access while safeguarding their investments in TrueUSD.

Interest rates on TrueUSD secured crypto loans.

At Cropty, we acknowledge the significance of competitive lending rates. Therefore, we extend loans by leveraging digital currency at a remarkably enticing rate of just 9%. Whether your need centers on personal or commercial purposes, our manageable interest loans extend an economical answer for acquiring cash flow without selling your precious digital assets.

One distinctive aspect of Cropty's digital currency loans lies in the collateralization system. If an individual fails to repay the loan, Cropty retains the collateral TUSD, and the debtors secure the given Tether USDT. This guarantees a just and adequate approach for recovering loans, benefiting all engaged parties.

To contend with the potential devaluation risk of TrueUSD, Cropty employs an automatic liquidation feature. If the collateral's value decreases beyond a specific limit, it results in the loan's liquidation. This anticipatory step safeguards both lenders and borrowers from possible losses due to market fluctuations.

Cropty promotes clarity and ease of use. Our customers can seamlessly track their loan status via our intuitive platform. Besides, debtors enjoy the flexibility of contributing extra collateral, early loan repayment, or settling the loan by paying off the borrowed sum including accrued interest.

Should you ponder about securing a loan using digital currency, Cropty caters you with immediate coin loans. You can leverage against TrueUSD and receive Tether USDT. Our cryptocurrency backed loans afford a speedy and convenient remedy for your monetary requirements.

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Why choose TrueUSD Cropty Loan

Take advantage of limitless possibilities: Get any amount at any time with our unbeatable cryptocurrency line of credit.

Easy access to funds

By leveraging your crypto assets as collateral, you can quickly obtain loans without the need for extensive credit checks or income verification, making the process more efficient and accessible.

35+ Currencies

Choose your collateral from over 35 cryptocurrencies and borrow instantly from USDT.

No inspections!

Cryptocurrency loans allow you to access credit without checking your credit history.

Interest - hourly

We charge interest on the loan hourly. However, during the first hour after taking out the loan, you have the opportunity to repay it without any additional fees. This sets us apart from our competitors.

Lower interest rates

Because cryptocurrency loans are collateralized, lenders often offer lower interest rates than traditional unsecured loans, making them more cost-effective for borrowers.

Flash approval

Receive funds in the same minute without spending more than 3 taps

Maintain ownership of your crypto

With crypto-backed loans, you retain ownership of your digital assets while using them as collateral. This allows you to benefit from potential market growth and regain full control of your assets once the loan is repaid.

FAQ

What is Cropty TrueUSD Crypto Loan?

Cropty TrueUSD Crypto Loan is a secure, overcollateralized, and flexible loan product. Users can take loans by pledging their crypto assets as collateral. With Cropty, you don't have to worry about rehypothecation since we don't lend out your collateralized crypto to others.

How do I pledge my assets and start borrowing with Cropty TrueUSD Crypto Loan?

To start, choose the crypto you'd like to pledge as collateral and the amount you'd like to borrow. Ensure you have sufficient crypto assets in your account to cover the required collateral. Once the process is complete, your collateral will be locked, and the loan will be transferred to your account.

What is LTV, and how much can I borrow from Cropty TrueUSD Crypto Loan?

LTV (Loan-to-Value) represents the ratio between the value of the loan plus accrued interest and the value of your collateral. The LTV percentage determines how much you can borrow based on the collateral you pledge. For example, with a 50% LTV, if you pledge 1,000 USDT, you may borrow up to 500 USDT worth of assets.

Are there limits to how much I can pledge and borrow?

Yes, there are limits for each cryptocurrency. The maximum amount you can pledge or borrow depends on the specific crypto and may change periodically.

What is loan liquidation, and what is the liquidation LTV?

Loan liquidation occurs when the current LTV exceeds the liquidation LTV, which may happen if the collateral's value decreases or the loan's value increases. If liquidation occurs, you may lose some or all of your collateral.

What happens when a loan is liquidated?

When liquidation occurs, the outstanding loan amount will be repaid using the equivalent value of collateral. A partial liquidation happens when the liquidation doesn't fully cover the outstanding loan, and a full liquidation occurs when the entire loan is repaid using the collateral.

What is a margin call?

A margin call is a warning issued when your collateral-loan pair position reaches its margin call LTV. You can take action by adding more collateral or reducing the outstanding loan to lower the LTV.

Will I be notified in the event of margin calls or liquidations?

Yes, Cropty will send notifications via email and SMS in case of margin calls or liquidations. However, timely delivery of these notifications cannot be guaranteed.

What interest rate applies to my loan?

Cropty provides transparent interest rates for each cryptocurrency. Please refer to the platform for up-to-date interest rates.

How is interest accrued for my loan positions?

Interest accrues based on the total outstanding loan amount and the prevailing APR. The interest accrued is added to the total outstanding loan.

How do I repay my loan or adjust my LTV?

Use the 'Repay' or 'Adjust LTV' options in your account to repay loans or adjust collateral, respectively. You can only repay your loan using the same cryptocurrency you borrowed.

Which cryptocurrencies can I pledge or borrow on Cropty Crypto Loan?

Cropty Crypto Loan accepts a variety of cryptocurrencies as loanable and collateral assets. The list of available cryptocurrencies is updated periodically, so please refer to the platform for more information.

What can I do with the cryptocurrencies borrowed from Cropty TrueUSD Crypto Loan?

You can use the borrowed cryptocurrencies for various purposes, including trading, investing, or withdrawing from the platform. The collateral you pledge remains with Cropty as security for the repayment of your loan.

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