Borrow Euros Against USDT Without Converting It
Open a credit line secured by your USDT and draw euros or another stablecoin when you need them. As a stablecoin, USDT is accepted at up to 90% LTV, your rate depends on how much of that limit you use, and at low LTV it is 0% APR. Your USDT sits in institutional custody secured by Fireblocks while the line is open and is back in your wallet when you repay.
Why Borrow Against USDT Instead of Converting It
USDT is a stablecoin designed to track the US dollar. A credit line secured by it gives you euros or another stablecoin when you need them, without closing your dollar position.
What USDT is
USDT, issued by Tether, is the most widely used stablecoin in the world, available on many blockchains and on virtually every exchange.
USDT as collateral
Because it is designed to track the US dollar, USDT carries one of the highest LTV caps of any collateral in the catalog.
Who borrows against USDT
Traders, freelancers and businesses who keep savings or earnings in USDT and need euros for bills or purchases.
How Borrowing Against USDT Works
From posting USDT to spending euros takes three steps.
USDT Collateral: Key Terms
| Parameter | USDT |
|---|---|
| Maximum LTV | 90% |
| APR range | 0–21.9%, set by your LTV |
| APR at low LTV | 0% at or below 20% LTV |
| You can borrow | EUR, USDC, USDT |
| Repayment | In parts or in full, no fixed schedule |
| Custody while the line is open | Institutional custody secured by Fireblocks |
| Combine with | Other supported collateral assets in the same line |
What Moves the LTV on a USDT-Backed Line?
Mostly the currency you borrow, not the collateral
USDT is designed to hold a steady value against the US dollar, so it moves far less than most crypto assets. What moves your LTV is mainly the currency you draw: if you borrow euros against USDT, a stronger euro makes the same balance a bigger share of your collateral and a weaker euro does the opposite. You see the LTV in the app in real time and can add collateral or repay part of the balance at any moment. Only if the LTV reaches the liquidation threshold shown in your dashboard is part of the collateral sold to cover the balance.
Combine USDT with Other Collateral
Mix assets in a single credit line. Every accepted asset comes with its own LTV cap, highest for stablecoins and lower for more volatile coins; the live list below shows them all.
EUREuroLTV 90%
USDCUSD CoinLTV 90%
PAXGPAX GoldLTV 80%
BTCBitcoinLTV 70%
WBTCWrapped BitcoinLTV 70%
ETHEthereumLTV 60%
BNBBNBLTV 50%
SOLSolanaLTV 50%
XRPXRPLTV 50%
ADACardanoLTV 40%
DOGEDogecoinLTV 40%
TRXTRONLTV 40%
AVAXAvalancheLTV 30%
BCHBitcoin CashLTV 30%
DOTPolkadotLTV 30%
LINKChainlinkLTV 30%
LTCLitecoinLTV 30%
POLPolygonLTV 30%
UNIUniswapLTV 30%
XLMStellarLTV 30%
USDT Loan Calculator
Enter an amount of USDT, pick the currency you want to borrow and the calculator shows your credit limit with live prices. Add other assets to compare.
- Estimated Total Credit Line
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Frequently Asked Questions
How much can I borrow against Tether?
Stablecoins carry the highest limits: USDT is accepted as collateral at up to 90% LTV, so your available credit is a share of the USDT you post. The calculator on this page shows the exact figure for your amount.
Can I borrow euros against USDT?
Yes. Post USDT and draw EUR to your bank account via SEPA Instant, usually within seconds. It is a simple way to spend dollar savings in euros without converting them.
What is the interest rate on a Tether-backed credit line?
The APR depends on how much of your limit you actually use: the range is 0–21.9%. Keep your LTV at or below 20% and the drawn balance costs 0% APR. Interest accrues only on the amount you have drawn, so an open but unused line costs nothing.
Why borrow against USDT instead of converting it to euros?
Converting closes your dollar position and you would need to convert back later. Borrowing against USDT gives you euros now, and when you repay, the USDT is back in your wallet.
Can my USDT-backed line be liquidated?
USDT itself moves little, so the main driver is the euro-dollar rate when you borrow euros. Your LTV is visible in real time, you can add collateral or repay at any moment, and only if it reaches the liquidation threshold shown in your dashboard is part of the collateral sold.
Why is the USDT limit higher than for Bitcoin?
Stablecoins move very little against the dollar, so less room is needed for price swings. That is why USDT is accepted at up to 90% LTV, well above volatile coins.