Aethir, a decentralized GPU cloud company, has announced a partnership with Credible Finance to launch credit cards and credit products utilizing ATH tokens. This collaboration aims to bridge decentralized infrastructure with traditional financial capabilities.
A First-of-Its-Kind Credit Solution in Web3
The partnership between Aethir and Credible marks a significant milestone in the decentralized ecosystem. Users will be able to use ATH tokens as collateral for credit, reducing the gap between DePIN and DeFi. ATH holders and other stakers will have access to stablecoin credit without the need to liquidate crypto assets.
Free Credit Card and High-Yield Lending Opportunities
Ath holders will have access to short-term lending opportunities with an APY of up to 24 percent on USDC and USDT through the Credible Private Investors Portal. In addition, users can request a free ATH-powered credit card, limited to 5,000 permits. The procedure for claiming the card is simple, involving registration on the Credible website, connecting a wallet, and completing KYC.
Building the Future of DeFi With Aethir
Credible is becoming an early adopter of Web3 credit infrastructure, utilizing AI to create credit scores based on user behavior on-chain. This innovation allows users without traditional credit histories to access loans. The collaboration with Aethir enhances the utility of ATH tokens for securing loans and credit issuance.
The partnership between Aethir and Credible opens new opportunities for participants in the decentralized network, offering access to financial products previously available only to traditional financial institutions. The implementation of high-yield lending and crypto-to-fiat payments creates an ecosystem where users can earn, spend, and borrow using the same digital assets.
