Crypto exchange Binance offers 10 billion PEPE tokens and interest-free vouchers for users borrowing USDT or USDC in a new promotion.
Binance has introduced a Flexible Loan Challenge for May, allowing users to borrow USDT or USDC to compete for a share of 10 billion PEPE tokens and interest-free loan vouchers. The promotion targets new flexible loan borrowers during the specified period.
Participants must opt into the challenge and create a new Binance Flexible Loan to qualify for rewards. The initiative aims to boost lending activity on the platform amid ongoing competition in the crypto lending space.
No immediate market reaction was detailed, but the promotion could drive short-term demand for PEPE and stablecoin borrowing on Binance.