BTC / USD · class
Collateral
Loan denomination
These are USD rates, comparable to any other USD loan. Collateral is the other axis.
Posted card
Fixed-term credit at posted rates from custodial desks. Offers, not discovered prices.
fixed termfixed at originationposted rate card
Yield curve — by time to maturity
ⓘ
Observations are currently predominantly own-account. Aletheia Analytics participates on own account to seed observable auction data. This is not yet an independent market assessment.
11 observations · 2 counterparties · 0% external
±RMSE
Active
Repaid
Defaulted
Lending:
Rates at Standard Tenors
Tenor
7d
14d
1mo
2mo
3mo
6mo
1y
2y
5y
7y
Posted card
—
—
10.50%
—
10.50%
10.50–14.20%
10.50–11.49%
—
—
—
US Treasury
—
—
3.79%
—
3.91%
4.02%
4.07%
4.25%
4.40%
4.54%
Chart Legend
Current fitted yield curve
Confidence band (±1 RMSE = ±0.51%)
Canonical bin means (±1σ error bars)
Fit extrapolated beyond 1y(no loans at those tenors yet)
Active loans(11)
Repaid loans(3)
Benchmarks
US Treasury
Canonical yield curve: active loans binned into standard tenors, log-quadratic fit through bin means. Shape: FLAT.
Access yield curve data via API · GET /v1/yield-curve · GET /v1/yield-curve/history
solid = observed span · dashed = fitted extension, both directions
Posted card
7 · span 30d–1y
Rate history — by date
Range:
Posted card
Reference
Basis · 0d
matched basis · borrow solid, lend muted
posted cards — administered offers, not fitted
| Desk | Product | Side | Term | Posted APR | As of |
|---|---|---|---|---|---|
| cantor | institutional_financing | borrow | not established | not established | 2026-07-21 |
| coinbase_morpho | btc_usdc_base | borrow | not established | not established | 2026-07-21 |
| ledn | btc_backed_standard | borrow | 1y | 11.49% | 2026-07-21 |
| ledn | usdc_growth_account | lend | not established | 6.5% | 2026-07-21 |
| nexo | credit_line | borrow | not established | 13.9% | 2026-07-21 |
| nexo | flexible_savings | lend | not established | not established | 2026-07-21 |
| salt | btc_backed | borrow | 1y | 10.97% | 2026-07-21 |
| strike | volatility_proof | borrow | 180d | 14.2% | 2026-07-21 |
| xapo | btc_backed_usd_180 | borrow | 180d | 10.5% | 2026-07-21 |
| xapo | btc_backed_usd_30 | borrow | 30d | 10.5% | 2026-07-21 |
| xapo | btc_backed_usd_365 | borrow | 1y | 10.5% | 2026-07-21 |
| xapo | btc_backed_usd_90 | borrow | 90d | 10.5% | 2026-07-21 |
| xapo | usd_savings | lend | not established | not established | 2026-07-21 |
quality
Arch
When the published card last moved, and the terms history behind it.
The figures behind this panel are read live and are not part of the static copy of this page. What is held behind each input, and what is not, is stated with them.
Cantor Fitzgerald
What this desk discloses about how it lends, and what it does not. There is no published rate, so none is charted and none is inferred.
The figures behind this panel are read live and are not part of the static copy of this page. What is held behind each input, and what is not, is stated with them.
Coinbase (Morpho-backed)
When the published card last moved, and the terms history behind it.
The figures behind this panel are read live and are not part of the static copy of this page. What is held behind each input, and what is not, is stated with them.
Figure
When the published card last moved, and the terms history behind it.
The figures behind this panel are read live and are not part of the static copy of this page. What is held behind each input, and what is not, is stated with them.
Ledn
When the published card last moved, and the terms history behind it.
The figures behind this panel are read live and are not part of the static copy of this page. What is held behind each input, and what is not, is stated with them.
Milo
When the published card last moved, and the terms history behind it.
The figures behind this panel are read live and are not part of the static copy of this page. What is held behind each input, and what is not, is stated with them.
Nexo
When the published card last moved, and the terms history behind it.
The figures behind this panel are read live and are not part of the static copy of this page. What is held behind each input, and what is not, is stated with them.
SALT
When the published card last moved, and the terms history behind it.
The figures behind this panel are read live and are not part of the static copy of this page. What is held behind each input, and what is not, is stated with them.
Strike
When the published card last moved, and the terms history behind it.
The figures behind this panel are read live and are not part of the static copy of this page. What is held behind each input, and what is not, is stated with them.
Unchained
When the published card last moved, and the terms history behind it.
The figures behind this panel are read live and are not part of the static copy of this page. What is held behind each input, and what is not, is stated with them.
Xapo Bank
When the published card last moved, and the terms history behind it.
The figures behind this panel are read live and are not part of the static copy of this page. What is held behind each input, and what is not, is stated with them.