In September, borrowing of Tether's USDT using Bitcoin collateral valued over $10 million surged by 83%. This increase highlights a rise in large crypto-backed loans, where users leverage significant Bitcoin holdings to access stablecoin liquidity through lending platforms. The growth suggests stronger borrowing activity among investors with substantial Bitcoin positions, reflecting confidence or strategic moves in the crypto market. This trend may influence liquidity and lending dynamics in the digital asset space going forward.
Regarding the surge in USDT borrowing against Bitcoin collateral, here is Pluang's market snapshot as of Oct 14, 2026 05:41 WIB: Among 50 major cryptocurrencies priced on Pluang, 26 rose and 23 fell today. Notable movers include UNI (Uniswap) at Rp136.304 with a 1-day change of +5.52% and 96% buy order activity, AXS (Axie Infinity) at Rp20.440 down 4.78% with 94% sell order activity, and COMP (Compound) at Rp405.973 down 4.04% with 80% buy order activity. The most notable figure is UNI's 96% buy order activity.
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