Today SALT, the leading provider of large Blockchain-Backed Loans™ for cryptocurrency holders, announced the popular Dogecoin as its latest collateral option for clients seeking to leverage their digital assets to secure a USD loan.

Created in 2013 as a fun, friendly currency featuring the Japanese dog breed Shiba Inu as its mascot, Dogecoin has since become an internet sensation. Not only has it generated a strong, passionate, and rapidly growing community following, but it is one of the few cryptocurrencies that has seen an uptick in value in recent weeks.

Having recently updated its platform to include Litecoin, SALT has seen increased loan demand from an international standpoint, specifically from the UK, New Zealand, Hong Kong and Vietnam. Now, the company is continuing the momentum by adding a fourth collateral option for its clients. Dogecoin has a rich history and incredible support from its community, is widely traded, offers high liquidity, and is built using the Bitcoin code base — all factors that make it not only a viable asset to loan against, but an obvious collateral choice for SALT, as it enables the company to connect with the broader crypto community in a fun, approachable way.

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