Aethir and Credible Introduce AI-Backed Credit Card for ATH Holders in a Big Partnership

Aethir has partnered with Credible Finance to launch the first DePIN-native offering of credit card and loan products, built on the ATH token. Aethir is a decentralized GPU cloud company.

Not only is this a daring step that introduces the Web3 community to the phenomenon of credit access in a real-time environment but also integrates decentralized infrastructure and the traditional financial capability.

A First-of-Its-Kind Credit Solution in Web3

The partnership is one of the milestones of the decentralized ecosystem. The Aethir and Credible are trying to close the divide between DePIN and DeFi by letting users put in ATH tokens as collaterals.

The operators of Aethir Checker Node, holders of Aethir Multi-Chain Tokens (ATH), and other stakers will have access to stablecoin credit without providing the process of crypto asset disposal.

The project offers its customers the freedom to recharge credit cards with ATH or even stable tokens such as USDC that they can use to spend in the real world out of Web3 funds. Aethir Co-founder Shri who is also the representative of Credible noted, this is the first DePIN-native token being used to enable real-time credit.

Free Credit Card and Up to 24% APY on Lending

The ATH holders will be given access to short-term lending opportunities with an APY of up to 24 percent on USDC and USDT through the Credible Private Investors Portal. Moreover, users will have a chance to request a free ATH-powered credit card, where only 5,000 permits would issue on a first-come-first-served basis.

That procedure to claim is simple:

• Access Credible website
• Create an account as an investor and logged in.
• Hook up your MetaMask or Phantom wallet to check on ATH holdings.
• Carry out KYC and claim the card.

Claiming begins next week, but physical card issuance will come shortly after that. The credit card bearing the names of Credible and Aethir will have strong DeFi and TradFi interoperability.

AI-Powered On-Chain Credit Scoring

One of the main innovations underlying this credit solution is the AI credit layer of Credible that creates credit scores based on the on-chain behavior of the users. They include the size of the ATH portfolio, Credible lending pool activity and transaction history.

In this AI scoring model, decentralized credit identity allows easy access to credit without dependence on middlemen.

The system makes sure that even a Web3 user who does not have a traditional credit history can be able to establish and benefit from a credit reputation on-chain. Not only does it make the ATH token more useful, but it also makes it more convenient and cheaper to use among the decentralized users.

Building the Future of DeFi With Aethir

Credible is an early adopter of Web3 credit infrastructure powered by AI. The platform allows crypto users to have access to higher-grade lending of real-world assets whose value is tokenized. Its collaboration with Aethir enhances its objective of opening stablecoin liquidity and access to credit in attractive emerging markets.

The ATH token, previously used to reward node operators, stakers, and Aethir Edge contributors, gets even more applications, such as securing loans of stablecoins and issuing credit.

The outcome will be a complete ecosystem that facilitates earning through use, spending, and borrowing using the same digital asset.

This partnership is planned out in such a way that it facilitates community empowerment. It allows the participants in the decentralized network of Aethir to experience financial products that are available to institutions of TradFi.

The solution of high-yield lending, crypto-to-fiat payments, or AI-powered credit scoring will allow a high degree of utility to the platform of Aethir .