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      SALT Lending Reports Increased Use of Bitcoin Loans for Everyday Expenses

      SALT Lending, a Bitcoin-backed lender based in the Denver area of the United States, has reported a notable trend among its borrowers who are increasingly utilizing Bitcoin-backed loans for everyday financial needs. According to the company, these loans are being used for various purposes, including tuition payments, business capital, home purchases, and debt consolidation, rather than solely for trading activities.

      The process involves borrowers posting Bitcoin as collateral to receive cash, allowing them to maintain ownership of their Bitcoin while accessing liquidity. SALT offers fixed-rate loans with terms of one, three, or five years, with annual percentage rates (APRs) starting at 7.49% for a one-year loan at a 30% loan-to-value (LTV) ratio, and going up to 10.50% for loans at a 70% LTV. The company claims to have funded over $2 billion in Bitcoin-backed loans since its inception in 2016, with a reported 100% collateral return rate, meaning no customer has lost their collateral.

      SALT Lending operates in 47 U.S. states and Washington, D.C., and is planning to expand its licensing into California and Nevada by 2025 to 2026. However, it is important to note that the figures provided by SALT regarding lending volume and borrower spending have not been independently verified, raising questions about the accuracy of the reported trends. The company emphasizes that its collateral is held in institutional custody and does not engage in rehypothecation, which is the practice of reusing a customer's pledged assets for other lending or trading activities.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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