New Partnership Brings Easy crypto Loans to the Masses
DeFi is getting closer to customary banking with new crypto-backed loans. On June 25, gelato and Morpho launched a user-friendly platform. this enables easy borrowing for both regular and big players.
Paul Frambot, CEO of Morpho, says this collaboration makes crypto loans easier for everyone.Borrowers can now get USDC stablecoins using crypto assets like Bitcoin. No more credit checks are needed.
Here’s what you need to know:
- One-click borrowing with crypto as collateral
- Easy wallet creation using social logins
- Available on multiple blockchains like Polygon and Arbitrum
These loans offer a way to use crypto assets without selling them. Though, there are risks.A sudden drop in crypto prices can cause big problems for both users and platforms.
To learn more about Morpho, visit their website. Gelato’s tweet about the launch is also a good read.
