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Crypto

XRP collateral loans draw interest, analyst highlights key risks

Demand among XRP holders to borrow cash using tokens as collateral is rising again, prompting warnings to weigh risks before taking loans. XRP analyst Jack Lektor said crypto collateral lending is not risk-free and can amplify losses as well as gains. He cited price volatility, margin calls and forced liquidation, and urged conservative loan-to-value levels. He also flagged loan costs, liquidation policies and how platforms manage deposited XRP, including rehypothecation risks.

Finance

IBK Industrial Bank of Korea to supply 1.5 trillion won for inclusive and productive finance with KODIT and KIBO

IBK Industrial Bank of Korea said on Wednesday it signed a memorandum of understanding with the Korea Credit Guarantee Fund and the Korea Technology Finance Corp to expand support for inclusive and productive finance. Total support will amount to 1.5 trillion won. The bank will supply 500 billion won for inclusive finance and 1 trillion won for productive finance, offering loan-rate reductions and guarantee-fee support to eligible small and medium-sized firms.

Finance

Credit loans post biggest rise in about five years as rate hikes add to borrowers\' burden

South Korean credit loans rose by the most in about five years in May, led by increases in overdraft-style minus-account borrowing, as higher lending rates raise concerns over the interest burden for borrowers investing with debt. Market expectations of a policy rate hike have grown after Bank of Korea Governor Shin Hyun-song publicly cited the need to raise rates at an appropriate time. Bank bond yields that influence loan pricing have climbed, pushing credit loan rates above 6 percent.