Your concern is valid. In most cases to swap out of stablecoins you will have to give up custody and provide your personal information. Good thing is that we have fiat offers available.
Exchanging stables for fiat doesn't create a sell pressure on BTC. There are few reasons why borrowers choose to borrow with Debifi: 1) Have liquidity without losing the upside potential of bitcoin price. 2) Depending on the jurisdiction some people don't need to pay capital gain tax when taking a loan against their btc. 3) Some users want to use the loan to buy more bitcoin. 4) Better rates if the credit score is bad. 5) Unbanked population can get access to loans.
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About Me
Borrow against your bitcoin in a non-custodial way! Bitcoin-backed lending platform providing institutional-grade liquidity.
Interests
- No interests listed.