To qualify for a Dollar Loan, you only need to have the minimum of $1000 U.S. dollars worth of eligible digital assets in your Transaction account to be used as collateral, or you can send the collateral from an external source.
Applying for a Dollar Loan is very simple, you just need to indicate the amount you’d like to borrow, and how you’d like to receive the funds, whether that be your bank account or USDC Transaction account.
If you have the necessary collateral, no further credit check is required.