Gate.io will completely stop the old version of Crypto Loan

Dear Gate.io users,

To provide a better service, Gate.io will completely stop the old version of Crypto Loan at 10:00 (UTC) on July 31, 2024.

Users with existing active orders created prior to that are required to repay their existing old-version loans before 10:00 (UTC) on July 31, 2024. If there are still outstanding loans by then, the system will automatically close all existing orders, with the collateral sold for repayment.

For repayment of USDG loans: (1) Please note that Gate.io Crypto Loan has stopped supporting USDG. If there are still outstanding USDG loans, we will support using USDT to repay USDG loans at a 1:1 ratio.

(2) To complete the full repayment, please ensure that you have transferred sufficient USDT to your Gate.io spot account before repayment, and the amount should not be less than your USDG loan principal and interest. Click to view loan details

(3) After transferring USDT to your spot account, please contact the loan manager for repayment processing. If it is not handled in time, don't worry, the system will automatically use the USDT you transferred to repay the loan and release the collateral to the spot account.

To inquire about your existing old version of Crypto Loan order: Finance > Crypto Loan > Old Version > Borrowing History To avoid losses, please log in to Gate.io and contact our manager as soon as possible to handle your repayment. Thank you for your understanding and support!