Altcoin

Altcoin ("alternative coin") refers to any cryptocurrency other than Bitcoin. Ethereum is the largest altcoin by market cap; other examples include Solana, Cardano, Polkadot, and thousands of smaller tokens. Institutional lenders accept only a handful of them as collateral. The rest are typically too volatile, too illiquid, or carry too much regulatory uncertainty.

Note that USDC, USDT, and other stablecoins are technically altcoins but treated differently because they're dollar-pegged.

Why it matters for Milo customers

Milo accepts Bitcoin and Ethereum as collateral across its products, and XRP as collateral for the crypto loan. Assets outside that list aren't supported because their volatility profile and liquidity depth don't meet the standards needed for institutional-grade lending. Borrowers holding other altcoin positions typically convert to an accepted asset or to USD before pledging.

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