Aethir And Credible Finance Introduce The World’s First DePIN Credit Card

• Aethir partnered with Credible Finance to launch the world’s first DePIN credit card.
• The card lets users access stablecoin credit without liquidating their assets.
• The product uses Aethir’s native token, ATH, as collateral.

Aethir (ATH), a decentralized GPU (Graphics Processing Unit) cloud network, and Credible Finance, a lending protocol, have partnered to revolutionize the decentralized physical infrastructure network (DePIN) and decentralized finance (DeFi) sectors. The first product of their partnership is what they claim to be the first credit card and loan product underpinned by DePIN.

Aethir DePIN Credit Card Features

According to Aethir, the product offers ATH token holders and node operators access to a stablecoin-based credit platform without liquidating their tokens. The mechanism simply follows the conventional credit card structure but with a subtle twist focusing on the DeFi aspect.

The system runs from an on-chain revolving credit line. Additionally, the Aethir card stands out with its zero-fee model. This option can be had when users preload a no-fee card using ATH tokens or Solana (SOL)-based stablecoins, but without forcing a token sale on the client’s end.

ADVERTISEMENTCredible handles the background checks for Aethir card applicants. It evaluates the eligibility of users through an artificial intelligence (AI)-powered engine, which looks into their digital asset holdings, on-chain activity, and transaction history.

Again, the process elevates itself from traditional finance (TradFi) as it only bases its assessment on limited parameters on-chain, instead of meticulously scouring through each applicant’s personal and other financial data or credit scores.

Unlocking More Use Cases for ATH

“This is the first DePIN-native token being activated for real-time credit,” said Shrikant Bhalerao, CEO of Credible Finance, in a press release. “We’re turning tokenized infrastructure into usable financial capital.”

ADVERTISEMENTMeanwhile, Aethir highlighted in a note published on Coindesk that decentralized lending platforms have experienced a decline in open loans by $4.75 billion in the first quarter. This came against the $5.7 trillion global credit gap from small- and medium-sized businesses in emerging markets.

Aethir attributed the drop to the limitations of overcollateralized lending models. Moreover, it underscored the need for credit systems that reflect real on-chain activity and infrastructure ownership.

ATH Performance

The breakthrough announced on Wednesday led ATH to rally by over 26% from a $0.027 low last Saturday to $0.03411 on Friday. The latest developments also elevated the market cap of the token’s 10.63 circulating supply to $362.90 million.

Besides its revolutionary product, it has significantly benefited from market-wide optimism. Furthermore, it has recently broken out from its short-term moving averages (MAs) at the 9-day and 50-day range and continues to tread within the neutral zone at the Relative Strength Index (RSI) chart.

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