Aethir, a decentralized GPU cloud network, has teamed up with Credible Finance, a lending protocol, to offer what they say is the first credit card and loan product powered by… Decentralized physical infrastructure network (Debin).
The move is designed to give ATH token holders and Aethir’s native node operators access to stablecoin credit without liquidating their tokens – a step towards blending on-chain infrastructure with real-world financial capital.
The product, which debuted Wednesday, allows eligible users to collateralize their ATH tokens to access a revolving line of credit or preload a no-fee card with ATH or stablecoins on Solana. Loan approvals and limits are determined by Credible’s AI-based credit engine, which evaluates user on-chain activity, asset holdings, and transaction history.
DePIN projects leverage blockchain incentives to crowdsource real-world infrastructure development. In the case of Aethir, node operators contribute computing power and earn ATH in return. These rewards are based on factors such as uptime, performance, and task completion, effectively turning physical infrastructure into on-chain income.
The credit card launch comes with cryptocurrency borrowing chips. According to the team, decentralized lending platforms have seen a $4.75 billion decrease in open loans in the first quarter, the largest quarterly contraction since 2023. At the same time, the global credit gap for SMEs decreased in Emerging markets stand at $5.7 trillion.
“This downturn highlights the limitations of over-collateralized lending models and highlights the need for credit systems that reflect true on-chain activity and infrastructure ownership,” the team wrote in a statement shared with CoinDesk.
“This is the first DePIN token to be enabled for real-time credit,” Shrikant Bhalerao, CEO of Credible Finance, said in the statement. “We turn token infrastructure into usable financial capital.”
Credit card access will initially be available to GPU providers, node operators and token holders, with plans to expand later, the team wrote.
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