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You may use crypto, stablecoins or even fiat as a collateral asset. Buy bitcoin and trade many other cryptocurrencies. One of the newest solutions of defi and as such a step to as an adoption of blockchain and cryptocurrency is the defi loan. Two weeks ago, i sent out a tweet asking to chat with people wanting a loan without collateral. And how can they be used to borrow millions of dollars worth of crypto with no collateral?
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Plus, it is easy to comprehend that even in first world countries, there is a huge market for unsecured loans.
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