A wallet-first, non-custodial way to borrow against Bitcoin, with clear, side-by-side lender comparisons, built for both everyday users and institutions.

USA, San Francisco, December 22 — Sats Terminal today introduced Borrow, a new Bitcoin borrowing marketplace that brings together lending options from centralized lenders (CeFi) and Bitcoin-native decentralized platforms (DeFi) into a single, streamlined wallet-first interface.

Borrow gives users something Bitcoin finance has been missing: a simple way to compare BTC-backed borrowing options, rates, LTVs, fees, custody models, and settlement expectations, all in one place, with a borrowing flow anchored to Bitcoin L1.

With Borrow, users interact through a fully non-custodial interface, signing directly from their wallet while exploring options across multiple lending venues. CeFi lenders may require their own onboarding or custody processes, but Sats Terminal itself never takes control of user assets.

A transparent borrowing marketplace for Bitcoin

Borrow is designed to give Bitcoin users a clear, consolidated view of the borrowing landscape. Instead of navigating multiple dashboards or interpreting inconsistent terminology across platforms, users can connect their wallet and instantly understand how each CeFi lender or DeFi protocol handles collateral, interest, liquidation, and settlement. The borrowing options are presented in a clean, comparable format intended for quick evaluation and confident decision-making.

Borrow is designed to give Bitcoiners a clear, consolidated view of the borrowing landscape. It provides a straightforward way for users to evaluate BTC-backed loans without navigating multiple platforms or custodial models. After connecting a wallet, users can see exactly how each lender or protocol handles collateral, liquidation, interest, and settlement. Everything is presented in a clear, simple format, making it easier to compare CeFi and DeFi loan options and choose the loan that best fits their needs.

Why this changes Bitcoin borrowing

Bitcoin borrowing has historically been fragmented and difficult to navigate. Users have had to choose between centralized lenders with opaque terms, limited visibility into fees, and differing custody requirements, or unfamiliar decentralized protocols with fragmented liquidity. Comparing options across these venues has typically meant jumping between platforms, interpreting inconsistent terminology, and making decisions without a clear, side-by-side view of trade-offs.

Borrow is designed to address this fragmentation by bringing Bitcoin borrowing options into a single, transparent marketplace. It allows users to compare BTC-backed borrowing loan options across both CeFi and DeFi venues in one place, with clear visibility into rates, LTVs, fees, collateral handling, liquidation parameters, and settlement expectations. The interface makes it explicit how each option works, helping users understand differences rather than obscuring them.

By supporting Bitcoin-native flows as well as wrapped BTC where required, Borrow reflects how the market actually operates today while prioritising clarity and user choice. The result is a more straightforward way to evaluate borrowing options on Bitcoin, reducing guesswork, lowering friction, and making it easier for both individuals and institutions to access liquidity.

Borrow also sets the stage for Sats Terminal’s upcoming products, including Earn, which will allow users to generate yield on BTC and stablecoins.

How Borrow works

Borrow allows users to access stablecoins by using bitcoin as collateral through a simple, guided flow. Users start by signing up with an email address, with no KYC required, and are provided with a self-custodial wallet that they control. From there, users choose how much BTC they want to use as collateral or how much they want to borrow. 

Borrow displays all available loan options from supported lending providers, including interest rates, fees, required collateral, and loan-to-value ratios. Once a user selects an option, they send BTC to a dedicated Bitcoin address generated for their loan. 

After the deposit is confirmed on the Bitcoin network, Borrow automatically handles the necessary steps in the background, such as preparing the collateral and initiating the loan with the selected provider, without requiring users to manage wrapping, bridging, or smart contract interactions themselves. The borrowed stablecoins are then delivered to the user’s self-custodial wallet, where they remain fully under the user’s control.

Growing adoption behind the platform

Borrow launches on top of significant usage across Sats Terminal’s broader platform:

• 1.5M+ quotes priced
• 175 BTC routed
• 95,000 users

Sats Terminal is integrated with leading Bitcoin wallets and backed by YZi Labs, Coinbase Ventures, and Draper Associates, underscoring confidence in its expanding Bitcoin-native financial suite.

Founder commentary

“Borrow brings much-needed clarity to Bitcoin borrowing”, said Stan Havryliuk, CEO of Sats Terminal. “Users can finally see rates, LTVs, fees, custody requirements, and settlement expectations in one place, and borrow directly from their wallet. It’s a simpler, more transparent way to access liquidity”.

“We’re building the first true Bitcoin super app”, added Rishabh Java, CTO. “Borrow is the foundation. Our Earn product will allow users to generate yield on BTC and stablecoins, and we’re expanding our SDK so businesses can integrate borrowing, trading, and yield directly inside their own applications”.

The expanding Bitcoin super app

Borrow is part of Sats Terminal’s broader effort to unify Bitcoin-native financial tools under one interface. The platform today offers Borrow and Trading, with Earn (BTC and stablecoin yield) and Bridging coming soon. The Sats Terminal SDK enables businesses to embed these capabilities directly into their own products, contributing to what the company describes as the emergence of the first native Bitcoin super app.

About Sats Terminal

Sats Terminal is the first native Bitcoin super app, bringing together Bitcoin loans, yield, and trading in a single interface and developer SDK. Sats Terminal is backed by YZi Labs, Coinbase Ventures, and Draper Associates.

Founders: Stan Havryliuk and Rishabh Java

Visit satsterminal.com

Disclaimer:
This announcement is for informational purposes only and does not constitute financial, legal, or tax advice. Borrowing involves risk, including potential liquidation or loss of funds. Sats Terminal is non-custodial at the interface; CeFi lenders may require accounts, custody, or KYC. Users are responsible for compliance with local regulations.