Key Takeaways Users can borrow up to 1,000 USDT against eligible BTC collateral. The initial 30-day term carries no price-triggered liquidation. Overdue balances face 36% annual penalty interest and liquidation risks. Binance Targets Smaller Borrowers With Fixed 30-Day Product On Aug. 4, Binance announced Lite Loan as a simplified borrowing product that lets eligible master-account users obtain USDT immediately by pledging bitcoin as collateral. The product sets a 1,000-USDT borrowing cap and a fixed 30-day term. The exchange stated: “Borrowed funds are available immediately and can be used both on and off the Binance platform.” Borrowers pay a nonrefundable service …