KEY TAKEAWAYS
- Aethir and Credible have launched a credit card and loan product backed by Decentralized Physical Infrastructure Networks, allowing ATH token holders to access stablecoin credit without selling their assets.
- The partnership introduces a free stablecoin credit card, which can be topped up using stablecoins on the Solana blockchain or ATH tokens, enhancing financial flexibility for users.
- Credible’s AI credit layer provides AI-powered credit scoring, creating an on-chain credit identity for Aethir’s node and token holders, bridging DeFi and traditional finance.
- This initiative aims to integrate digital assets into everyday financial transactions, offering stablecoin yields and bridging the gap between crypto and traditional finance.
As the global adoption of Web3 technology and digital currencies continues to grow, the gap between traditional finance and decentralized finance (DeFi) is narrowing. In a significant development, Aethir and Credible have announced the launch of the first credit card and loan product backed by Decentralized Physical Infrastructure Networks (DePIN). This new offering allows holders of ATH, the native token of Aethir’s decentralized GPU network, to access stablecoin credit without selling their holdings, using their digital assets as collateral.
Aethir Checker Node holders and ATH token holders will gain access to the Credible Private Investors Portal. This platform features exclusive short-term lending deals with up to 24% annual percentage yield (APY) on stablecoins such as USDC and USDT. Additionally, ATH token holders will be able to unlock credit lines against their ATH tokens, further integrating digital assets into everyday financial transactions.
Innovative Financial Solutions for Crypto Users
As part of the partnership with Credible, a free stablecoin credit card will be launched. Aethir Checker Node operators, ATH stakers, and ATH token holders will be eligible to claim this ATH-powered credit card issued by Credible. The card can be topped up using stablecoins on the Solana blockchain or ATH tokens, providing flexibility for users.
Credible’s AI credit layer will play a crucial role in this initiative by offering AI-powered credit scoring for Aethir’s node and token holders. The AI-generated credit score is based on users’ ATH portfolio, activity in the Credible lending pool, and card transactions. This system will provide an on-chain credit identity for each user, enhancing their financial profile within the crypto ecosystem.
Bridging the Gap Between DeFi and Traditional Finance
Credible is recognized for leveraging AI functionalities to empower real-world credit solutions with stablecoin liquidity. By combining credit cards, AI-powered on-chain credit scoring, and partnerships with regulated financial institutions, Credible aims to offer a comprehensive approach to financial inclusion. This initiative is designed to provide stablecoin yields to crypto-native users while bridging the gap between crypto and traditional finance (TradFi) in day-to-day transactions.
With the support of Credible’s financial AI infrastructure, Aethir’s community will gain access to versatile DeFi features and tools. These tools are intended to reward the Aethir community’s loyalty and commitment with practical solutions to real-world financial challenges, such as stablecoin loans and crypto-to-fiat conversions. Initially, credit card access will be available to GPU providers, node operators, and token holders, with plans to expand as the ecosystem grows.
For more details on eligibility, features, and application processes, visit the official announcement here.
Why This Matters: Impact, Industry Trends & Expert Insights
Aethir and Credible have launched the first credit card and loan product backed by Decentralized Physical Infrastructure Networks (DePIN), allowing users to leverage their digital assets for stablecoin credit without liquidating them.
Recent industry reports indicate a significant trend towards integrating decentralized infrastructure with advanced technologies like AI and blockchain, creating innovative financial models. This aligns with Aethir and Credible’s new credit solutions, which leverage DePIN to offer unique financial products.
A report from AInvest highlights how integrating DeFi with traditional finance enhances security and reduces fees, fostering financial inclusion. This supports the impact of Aethir and Credible’s initiative, which bridges DeFi and traditional finance through innovative credit products.
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