The landscape for borrowing USDT against cryptocurrency collateral has evolved into a standard liquidity strategy, offering holders of assets like BTC and ETH access to stable capital without selling their positions. A detailed review of three major platforms—Clapp, Nexo, and Binance Loans—highlights significant differences in loan structures, interest costs, and risk management tools available to users in 2026.
Clapp distinguishes itself with a revolving credit line model. Users pay interest only on the USDT they actually draw, with a 0% APR on unused credit as long as the loan-to-value (LTV) ratio stays below 20%. The platform supports multi-asset collateral pools of up to 19 assets, including BTC, ETH, and SOL, and provides real-time LTV tracking with margin notifications to help avoid forced liquidations. Repayment is fully flexible with no schedules or penalties.
Nexo offers a credit-line model where interest rates for borrowing USDT are tiered based on the user's loyalty level and holdings of the platform's native NEXO token. While it provides wide asset support for collateral and instant funding, its pricing structure is more complex and lacks a 0% APR component. The best rates require active participation in the Nexo ecosystem.
Binance Loans operates on a traditional fixed-term structure. Loans are disbursed quickly, but interest accrues immediately on the full borrowed amount. It offers a large liquidity pool and deep integration with Binance's trading products, but features stricter liquidation rules and lacks flexible repayment options. The service also faces availability restrictions in some regions due to regulatory considerations.
The final analysis positions Clapp as the most borrower-friendly option for its usage-based interest and proactive risk tools, Nexo as suitable for users already embedded in its token-based ecosystem, and Binance Loans as ideal for active traders seeking fast, predictable borrowing within an exchange environment.
