HTX to Distribute $11,000 for Flexible Loan Usage in USDT

The cryptocurrency exchange HTX has launched the fourth phase of its “Borrow and Earn” campaign, dedicated to the introduction of flexible loans. As part of the event, the platform will distribute 5 billion HTX (~$11,000), according to the company’s blog.

To participate, users must borrow USDT by February 4. Seventeen crypto assets can be used as collateral, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), TRON (TRX), Dogecoin (DOGE), and XRP. Participants will share the prize pool in HTX tokens based on their share of interest expenses on flexible USDT loans.

“Rewards for participating in the event will be distributed based on the user’s share of total interest expenses on the specified loan product relative to the platform’s total interest income from the same product,” the HTX blog states.

The exchange conducted three phases of the “Borrow and Earn” campaign following the launch of flexible crypto loans in early December 2024. Interest rates on these loans adjust in real-time according to market conditions, with zero fees.

HTX is a cryptocurrency exchange supporting spot, futures, and P2P trading, founded in 2013.

Previously, TRON founder and HTX advisor Justin Sun published a list of reforms he would implement at the Ethereum Foundation if he were to lead the organization.