Aethir and Credible Introduce DePIN-Powered Credit Card

Aethir, a decentralized GPU cloud network, and Credible Finance, a lending protocol, have launched a credit card and loan product powered by a decentralized physical infrastructure network (DePIN). The product allows holders of Aethir's ATH token and node operators to use their tokens as collateral for stablecoin credit, avoiding the need to sell their tokens. Users can access a revolving credit line or preload a card with ATH or stablecoins on Solana. Credit limits are determined by Credible's AI, assessing on-chain activity, asset holdings, and transaction history. The launch comes amidst a decline in crypto borrowing, with decentralized lending platforms experiencing a $4.75 billion drop in open loans in the first quarter of this year. Initially, credit card access will be limited to Aethir's GPU providers, node operators, and token holders, with plans for expansion later.