Aethir, in collaboration with Credible Finance, announced the launch of the first credit card and loan product backed by ATH tokens and DePIN.
Overview of the New Product
According to a press release on crypto.news, the new credit card will allow traders holding Aethir (ATH) tokens to access stablecoin credit without selling their fiat for assets. The card, backed by decentralized physical infrastructure (DePIN), will enable digital assets to be used as collateral.
Financial Opportunities for Token Holders
ATH token holders and node operators will be able to claim a free ATH-backed credit card issued by Credible. The card can be topped up using ATH tokens or Solana-based stablecoins. The product also allows users to access a credit line against ATH tokens. As part of its partnership, ATH holders will gain access to Credible’s private investor portal, which offers short-term lending opportunities with up to 24% APY on USDC and USDT stablecoins.
Developers' Insights and Future Plans
Mark Rydon, Chief Strategy Officer and Co-founder at Aethir, expresses optimism about the partnership with Credible Finance, emphasizing that the joint product launch will deliver 'real utility' to the ATH token. 'This is the first step toward building a financial system around decentralized infrastructure,' he stated. Shrikant Bhalerao, CEO and Co-founder of Credible Finance, emphasized the significance of launching the world’s first DePIN-native credit card for facilitating real-life credit loans. 'We’re turning tokenized infrastructure into usable financial capital,' Bhalerao said. Currently, the credit cards are only available to GPU providers, node operators, and ATH token holders, but the project plans to expand access as the ecosystem evolves.
The launch of the first DePIN and ATH token-backed credit card opens new financial avenues for digital asset holders, providing access to capital without having to sell their assets.
