Depin company Aethir launched a crypto credit card with credible financing for ATH token holders and validators.
On Wednesday, July 16, Aethir (ATH) worked with Stablecoin Lender Credible Finance to launch the first crypto credit card, supported by Depin. The card is available for Aethir Node operators and token holders, who can claim them for free.
Users can close the card with Ath -Tokens or Stablecoins on Solana, which they can then use for daily payments. The card also contains access to a rotating credit line, determined by the user’s Aethir token holdings.
“This is the first Depin-Native Token that is activated for real-time credit,” said Shrikant Bhalerao, CEO and co-founder of credible finances. “We change tokenized infrastructure into usable financial capital.”
In addition, cardholders get access to the private investor portal of Credible for short -term loans. According to the company, the portal offers a yield of up to 24% on large stablecoins such as USDC and USDT.
What is behind the Aethir and the credible partnership?
The partnership is designed to reward ATH -Token holders, GPU providers and junction operators. Aethir and credible plan to expand the credit card program to a wider user base as the Aethir eco system grows.
“This partnership brings really usefulness to ATH token,” says Mark Rydon, Chief Strategy Officer and co-founder at Aethir. “It is the first step in the direction of building a financial system around the decentralized infrastructure.”
Aethir feeds a decentralized cloud -GPU network, allowing smaller GPU providers to offer services to Enterprise customers. The company wants to supply scalable and cost-effective computer use for AI, Machine Learning, Gaming and Rendering applications. The decentralized model makes growth possible without the high costs of traditional infrastructure.
