Abra Borrow is a lending program that lets you take out a loan using AbraUSD. AbraUSD is the balance of your USD stablecoins held on Abrat backed by several stablecoins including USD Coin (USDC), Binance USD (BUSD), Paxos (USDP), as well as True USD (TUSD).
Stablecoin is a type of cryptocurrency whose value is tied to an outside asset, such as the U.S. dollar or gold, to stabilize the price. There’s a negligible risk of the stablecoin collateral dropping below the value of the loan. By utilizing stablecoins in crypto lending, lenders enjoy the high returns associated with the low operational cost of smart contracts, and borrowers can post reasonable stablecoin collateral to get a loan with low-interest rates.
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