Liquidium has reported its largest simple loan to date, with a user borrowing about $60,700 in USDC by providing two Bitcoin as collateral.
According to Liquidium, the loan was created without requiring the user to connect a wallet. The borrower supplied the Bitcoin as collateral and received the USDC loan through the platform.
The transaction was highlighted by Liquidium as an example of its simplified lending process, which allows users to create a loan, deposit collateral and wait for the transaction to proceed.
The reported loan uses Bitcoin as collateral while the borrowed funds are denominated in USDC, a stablecoin designed to maintain a value close to the US dollar.
Liquidium has increasingly focused on Bitcoin-based lending, allowing users to access liquidity without selling their Bitcoin holdings. However, as with other crypto lending arrangements, borrowers remain exposed to the terms of the loan and the value of the collateral.
The reported $60,700 loan represents the largest simple loan highlighted by Liquidium so far. The company did not provide further details about the borrower or the specific loan terms in the announcement.
The transaction adds to the growing range of lending products being developed around Bitcoin and other digital assets, as platforms seek to make crypto-backed borrowing easier for users.
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