ByCoinGape
Aethir:- Since Q2 2025, Crypto lending market has been all hyped up for credible reasons. The entry of institutional players such as Cantor and the rebound in DeFi lending TVL across major lending protocols are all acting as the stimuli.
As the market continues to grow, the DEPIN sector has made its first strike in the Crypto loan segment. Aethir, the world’s largest decentralized cloud GPU network has partnered with Credible Finance to launch the first DEPIN-powered credit card.
The Aethir card will allow users to get stablecoin loans using the project’s native token ATH as collateral. This comes as the token’s circulating supply stands at 10,639,017,677 ATH with a market capitalization of approximately $348.3 million.
As of writing, Aethir (ATH) is trading at $0.03274 – down 1.35% over the past 24 hours.
The new credit card of Aethir is being rolled out in partnership with Credible. Credible Finance is an Solana-based lending protocol whose AI‑driven “credit engine” evaluates a user’s full on‑chain footprint including asset holdings, transaction history, staking activity to underwrite loans and issue credit. The AI‑Powered on‑chain credit scoring helps in building real‑time credit profiles.
The USDT and USDC denominated loans will be available to Aethir’s ATH token holders and the node operators who power its decentralized GPU network.
The access to stablecoin credit or a zero‑fee prepaid card is based on collateral and thus the users will be able to access it without ever selling their tokens.
Aethir x Credible: Unlocking the first DePIN-Powered Credit Card & Loan Product Backed by ATH
Checker Node operators, ATH stakers & ATH token holders can now access stablecoin credit without selling their assets, using ATH as collateral.
DeFi meets real-world finance 🌉
— Aethir Ecosystem (@AethirEco) July 16, 2025
The mechanism of the laon will involve users depositing their ATH tokens into a Credible smart contract collateral vaults. The protocol then mints a revolving credit line in USDC/USDT. While the Aethir card runs on Solana, Credible’s engine can plug into any smart‑contract platform. Thus, it can read data via oracles or ZK proofs to underwrite assets on multiple chains.
Also Read: Cybertruck Strategy Behind Gemini Credit Card
It is interesting to note that the card launch comes as Aethir becomes the top DEPIN project with $94.1 million in annual revenue. The broader DePIN’s combined market capitalization has also exceeded $50 billion in 2024 and is forecast to swell toward $3.5 trillion by 2028.
Further, its foray into the crypto lending market also comes at strategic timing. Since Q1 2025, the crypto‑collateralized lending market has exhibited a pronounced two‑phase cycle: an initial contraction in Q1, followed by a robust recovery in Q2.
According to Galaxy data, in Q1 2025, total crypto‑collateralized borrows slipped by 4.88% to $39.07 billion, driven entirely by a 21.14% pullback in DeFi lending. While DeFi venues bucked the trend with a 9.24% increase in borrows, DeFi’s dominance dipped from 64.48% to 56.72% of on‑chain lending. This marked its first notable market‑share contraction in two years.
However, according to Coingape’s Q2 2025 report, the picture has reversed sharply in Q2 2025. The total DeFi lending TVL surged to $90 billion, with Aave alone commanding $42.5 billion – nearly half of all DeFi borrows. Active loans peaked at $25 billion in June, led by Aave’s $16.3 billion and Morpho’s $7 billion.
Further, for Q3, the new loan product like Aethir’s ATH powered credit card are estimated to boost it. As a true DePIN‑native product, it uniquely transforms physical GPU infrastructure contributions into financial capital.
Also Read: Polkadot Launches Debit Card for DOT
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