Bitcoin loans are paying for tuition and working capital, not just trades, lenders say
Source: CoinDesk ·
From the source
Bitcoin-backed lending is evolving into a mainstream source of credit, with borrowers using BTC to access liquidity without selling. Bitcoin-backed finance is maturing beyond trading and increasingly resembles traditional lending. Loans taken by locking up bitcoin BTC $82,920.36 as collateral are increasingly used to fund real-world expenses such as tuition fees, slow months, and business cash, according to two long-standing lenders. "What I am seeing, both in the conversations I'm having and in the data, is that more people are starting to borrow against their Bitcoin for real-world needs. That includes emergency expenses and larger life decisions, such as funding college tuition or a once-in-a-lifetime trip. We also see people using it to supplement their cash flow," Hunter Albright, chief revenue officer of SALT Lending, told CoinDesk. This signals a profound shift in how digital assets are used. Bitcoin is no longer viewed merely as a vehicle for speculation. Instead, it serves…