Aethir and Credible join forces to launch the first DePIN-powered credit card
2025-07-10 13:41:39
Main Idea
Aethir and Credible Finance have partnered to launch a DePIN-native credit card and loan facility backed by ATH tokens, aiming to provide real utility and financial capital for decentralized infrastructure.
Key Points
1. The product offers a credit card and loan facility backed by Aethir (ATH) tokens, allowing users to top up using ATH or Solana-based stablecoins.
2. The credit line against ATH tokens provides lending opportunities with up to 24% APY on USDC and USDT.
3. Credible’s AI-powered credit engine analyzes borrowers’ on-chain activity to assess creditworthiness.
4. Aethir’s Mark Rydon highlights the partnership as a step toward building a financial system around decentralized infrastructure.
5. Credible’s CEO Shrikant Bhalerao emphasizes the innovation of turning tokenized infrastructure into usable financial capital.
Description
Aethir partners with Credible Finance to launch the first credit card and loan product backed by DePIN. The product also offers loan facility backed by ATH tokens. According to a press release sent to crypto.news, the new credit card would allow traders who hold Aethir ( ATH ) tokens, the project’s native token, to access stablecoin credit without having to sell their holdings in exchange for fiat. Instead, the decentralized physical infrastructure network or DePIN-backed card will allow them to...
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