[Binance Launches BTC-Collateralized Microloan Product 'Lite Loan'] According to The Block, Binance has announced the launch of a microloan product called 'Lite Loan,' which uses Bitcoin as collateral. This product allows eligible users to pledge BTC to borrow up to 1,000 USDT without selling their Bitcoin in the process. It is primarily targeted at users with small-scale, short-term liquidity needs. The collateralized Bitcoin can come from the Simple Earn flexible savings product and will continue to earn interest during the loan period, while the borrowed USDT can be directly used for trading on the platform.