OKX在欧洲推出灵活USDC贷款服务

OKX launches USDC loan backed by cryptoassets in Europe

OKX has officially launched USDC loan service based on cryptoassets in Europe. The service allows customers to borrow up to 250,000 USDC without a fixed repayment term; for VIP customers, this limit can be increased to 3,250,000 USDC.

Flexible loan terms and interest rate structure

According to the announcement issued by OKX, customers can use more than 40 crypto assets held on the platform as collateral to borrow USDC equivalent to 80% of the collateral value. When announcing the product, OKX listed a variable hourly interest rate of 0.000229%, which translates to an annualized interest rate of approximately 2%.

OKX stated that borrowers can choose to repay part or all of their debt at any time based on their own needs without committing to a fixed maturity date. To provide up-to-date information on borrowing costs, exchanges direct customers to their official interest rates page to view real-time data, rather than treating the initial interest rate at the time of release as a fixed rate for the entire loan cycle.

Product positioning: meeting the liquidity needs of long-term holders

Erald Ghoos, CEO of OKX Europe, explained the core use of the product: Many long-term holders want to gain cash liquidity while retaining their crypto assets. "Many European users have long held cryptocurrencies and do not want to sell assets to temporarily release cash," Ghoos said. He described this repayment model as: "Borrowing USDC when needed, paying interest based on the duration of use, and paying it back as soon as you use it."

Regarding the use of funds, OKX lists options such as trading, participating in X Drop Club activities, and using them through the Earn feature. In addition, customers can also withdraw USDC to meet daily consumer needs.

Collateral Locking and Clearing Mechanism

According to the European Loan Services Agreement updated on September 30, OKX Europe Limited is the operator of the service, which is limited to residents of the European Economic Area (EEA). The agreement states that the loan request will be matched with the loaned assets on the platform, and the approved funds will be transferred to the borrower's OKX fund account.

During the mortgage period, the pledged crypto assets will be frozen and the borrower cannot trade or transfer them. If the customer makes partial repayment, the agreement stipulates that the accumulated interest must be paid first and the principal must be deducted. After full repayment of principal and interest, the corresponding collateral will be unfrozen within one day; while partial repayment will not release the collateral.

The agreement authorizes OKX to sell collateral to repay the debt when the value of the position reaches a specified liquidation threshold. The agreement warns that customers may encounter automatic clearing without receiving advance notice due to sharp price fluctuations or technical delays.

Regulatory Compliance Statement

In terms of regulatory compliance, OKX's terms clearly state that the loan service does not fall within the jurisdiction of the Cryptographic Asset Markets Regulation (MiCA), so the customer asset protection mechanism under the MiCA framework does not apply to assets related thereto.

OKX Other USDC-related layouts

此前，OKX 已扩大了 USDC 的交易权限。9 月 2 日，Circle 与 OKX 扩大了合格客户的 USDC 现货、保证金及期货交易访问权限，并推出了由 Circle 资助的“USDC Margin Growth Program”，符合条件的用户每月可获得 100 USDC 奖励。

此外，OKX 还在 7 月为欧盟及欧洲经济区的 30 个国家引入了单向 USDT 至 USDC 的转换通道，并在欧洲地区限制了 USDT 交易，转而支持 USDC 和 Paxos 发行的 USDG。10 月 6 日，OKX 还推出了支持多种法币充值及 USDG、USDC、USDT 余额管理的 OKX Money 应用，覆盖拉丁美洲、非洲、南亚和中东的部分市场。

美国市场的类似产品对比

对于美国用户，Coinbase 提供了不同的加密资产抵押贷款案例。此前报道显示，Coinbase 通过将质押的比特币转换为 cbBTC 并发送至 Base 链上的 Morpho 智能合约，实现了针对大多数州的 USDC 借贷服务。Morpho 于 9 月 22 日宣布，Coinbase 已通过 Morpho Midnight 引入固定利率贷款，允许客户在借入 USDC 时约定利率和还款日期。

与此同时，Ledger 也在 10 月 7 日推出了基于 Morpho 借贷基础设施的新产品，允许合格客户质押 cbBTC 或 wBTC 以借入 USDC 或 USDT，具体访问权限因国家而异。