This article was first published on SALT Lending | USD or Stablecoin Crypto & Blockchain Loans
Effective May 25, 2021, we will no longer accept Dash and Doge as collateral for crypto-backed loans, nor will we continue to support deposits of these collateral types. Withdrawals will continue to be available as usual for anyone who has Doge or Dash on our platform.
We are constantly evaluating our current collateral types and considering new ones based on market conditions and other parameters. Given Doge and Dash do not meet our current collateral requirements, it is necessary for us to remove them from the platform at this time. While we are sad to say goodbye, it doesn’t mean it’s goodbye forever. And who knows? Between Elon’s tweets and Coinbase’s decision to list Doge, maybe one of these collateral types will be back before you know it. Only time (and market conditions) will tell.
In the meantime, we continue to support many beloved cryptocurrencies as collateral for crypto-backed loans including BTC, ETH, LTC, BCH, PAX, PAXG, USDC, TUSD and SALT.
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