SALT Lending’s Total Loan Volume: Disclosed or Not?
CoinDesk and CryptoBriefing disagree on whether SALT Lending disclosed its total historical loan volume.
CoinDesk and CryptoBriefing disagree on whether SALT Lending disclosed its total historical loan volume.
What all sources agree on
- Bitcoin-backed loans are increasingly being used for real-world needs including tuition, business capital and major purchases.
- SALT Lending began/was founded offering bitcoin-backed loans in 2016.
- Borrowers use these loans to access liquidity without selling their bitcoin.
Where the reports disagree
1Whether SALT disclosed its total historical loan volume
While SALT did not disclose its total historical loan volume, the broader centralized lending market is posting massive figures.
SALT, founded in 2016, says it has funded more than $2 billion in Bitcoin-backed loans since launch.
What would settle it: SALT Lending’s own public statement or financial disclosure of total historical loan volume.
What to make of it
Treat the general trend of bitcoin-backed loans funding real-world expenses as established by both outlets; treat any specific figure for SALT’s total loan volume as unconfirmed until SALT issues a clear public statement on the matter.
Treat the general trend of bitcoin-backed loans funding real-world expenses as established by both outlets; treat any specific figure for SALT’s total loan volume as unconfirmed until SALT issues a clear public statement on the matter.
Original source: AltcoinGordon
Syndicated coverage. Originally reported by altcoingordon.com.
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