← Embedded Finance Index 2026

Atomic Loans

“Can crypto-native, non-custodial collateralized lending replace custodial Bitcoin lenders?”

IndustryFintech / Crypto

The story

Atomic Loans was a non-custodial Bitcoin-backed lending protocol that let users borrow Ethereum-based USD stablecoins against BTC collateral locked via native Bitcoin scripts. The product was live on mainnet by 2020 but the atomicloans.io domain currently resolves to an unrelated gambling site, suggesting the company has wound down or abandoned the domain. The evidence trail ends in 2020 with the last Wayback capture showing the original lending product.

Last 12 months

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Product timeline

2019

Atomic Loans publishes RFC specifications for cross-chain collateralized loans (BTC collateral, ETH stablecoin borrow) on GitHub.· lending

2020

Borrowing on mainnet goes live — non-custodial Bitcoin-backed loans using native Bitcoin scripts.· lending

The stack

2 layers disclosed in Atomic Loans’s embedded-finance stack

Lending

Atomic Loans (Bitcoin-collateralized stablecoin loans, non-custodial)

Crypto

in the full report

Accounting gap: none

1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

Atomic Loans — frequently asked

Which crypto provider does Atomic Loans use?

Atomic Loans's crypto products run on Non-custodial (native Bitcoin scripts).

What is Atomic Loans's embedded finance stack?

The Embedded Finance Index 2026 maps 2 layers in Atomic Loans's stack: Lending (Atomic Loans (Bitcoin-collateralized stablecoin loans, non-custodial)); Crypto (Non-custodial (native Bitcoin scripts)).

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