Aethir and Credible Finance Launch Crypto Credit Card for ATH Token Holders and Validators
DePIN firm Aethir has joined forces with stablecoin lender Credible Finance to introduce the first crypto credit card backed by DePIN. This groundbreaking partnership, announced on Wednesday, July 16, offers Aethir node operators and token holders the opportunity to claim the card at no cost.
Cardholders can easily fund the card with ATH tokens or stablecoins on the Solana blockchain, enabling them to make everyday purchases with ease. What sets this credit card apart is its inclusion of a revolving line of credit, which is determined based on the user’s Aethir token holdings.
Shrikant Bhalerao, CEO and Co-founder of Credible Finance, expressed his enthusiasm for the collaboration, stating, “This is the first DePIN-native token being activated for real-time credit. We’re turning tokenized infrastructure into usable financial capital.”
Moreover, cardholders will have access to Credible’s private investor portal, where they can engage in short-term lending and earn impressive yields of up to 24% on major stablecoins like USDC and USDT.
The Aethir and Credible partnership aims to reward ATH token holders, GPU providers, and node operators within the Aethir ecosystem. As the collaboration evolves, the credit card program is set to expand to a wider user base.
Mark Rydon, Chief Strategy Officer and Co-founder at Aethir, emphasized the significance of the partnership, stating, “This partnership brings real utility to the ATH token. It’s the first step toward building a financial system around decentralized infrastructure.”
Aethir is known for powering a decentralized cloud GPU network that enables smaller GPU providers to offer services to enterprise clients. The company’s mission is to provide scalable and cost-effective computing solutions for AI, machine learning, gaming, and rendering applications. Through its decentralized model, Aethir facilitates growth without the exorbitant costs associated with traditional infrastructure.
With the launch of the crypto credit card for ATH token holders and validators, Aethir and Credible Finance are paving the way for a new era of financial innovation within the decentralized ecosystem. As the collaboration continues to thrive, users can expect even more exciting developments on the horizon.