According to BlockBeats news, on September 27, according to an official announcement, Binance launched a fixed-rate loan service to provide loan borrowers and fund suppliers with stable, predictable interest rates and fixed loan terms.

The service allows users to borrow or lend assets at customizable interest rates, providing security and reliability in the fast-paced world of cryptocurrency. Borrowers can pledge multiple forms of collateral worth more than the loan amount to mitigate liquidation risk.

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