Major exchange Bitfinex has announced that, from now on, MIOTA will be used as collateral on its P2P crypto lending service, Bitfinex Borrow.
The token was recently voted for by the majority in a poll conducted on social media. From now on, users on the platform can borrow funds of up to 70 percent worth of the value of their IOTA balances in USD.
IOTA has been added to the list of other cryptocurrencies used as collateral. Among them are Bitcoin, Ethereum, LTC, XRP, ADA, EOS, and LINK, and now also IOTA.
