Bitfinex customers can now use fiat currencies such as the United States dollar, the euro or the Japanese yen, as well as the tether (USDt) stablecoin issued by Bitfinex’s sister company Tether, as collateral to obtain a loan in BTC. ETH loans, on the other hand, can only be financed by the United States dollars that the borrower holds on the platform.
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Jack Dorsey's Bitcoin-friendly payments provider Square is among the fintechs getting $350 billion to small business owners (Photo: Pixabay)Crypto-friendly Square joins coronavirus loan program
Square joins PayPal and QuickBooks in U.S. government’s $350 billion stimulus loan and grant program for small businesses and their employees—after a fight
Twitter founder Jack Dorsey’s Bitcoin-friendly payment processing company Square is among the fintechs taking part in the U.S. Paycheck Protection Program, potentially offering a more nimble platform to quickly get loans and grants to small businesses slammed by the coronavirus pandemic.