XRP and SOL Holders Get New Perk With Nexo’s Zero-Interest Credit
The cryptocurrency wealth administration platform Nexo has introduced it would broaden its first-of-a-kind Zero-interest Credit (ZiC) product to the Solana and Ripple ecosystems.
According to a press launch despatched to CryptoPotato, Solana (SOL) and XRP holders can now pledge their property as collateral for ZiC. The product affords a 0% annual proportion price (APR) and no liquidation lending. The growth of the providing to SOL and XRP holders opens it to a broader investor base.
Nexo Expands ZiC to SOL and XRP
Nexo’s ZiC provides crypto holders entry to stablecoin liquidity at 0% curiosity by a fixed-duration time period. The product has no threat of untimely or compelled liquidation, that means debtors can’t be liquidated in the course of the mortgage time period. It affords a totally predefined compensation construction from the primary day of lending. Nexo says the providing was named Consumer Lending Product of the Year on the annual FinTech Breakthrough Awards in March 2026.
Before the expansion to SOL and XRP holders, bitcoin (BTC) and Ether (ETH) have been ZiC’s current collateral choices. With BTC and ETH, the product generated greater than $170 million in complete mortgage quantity, a 66% borrower renewal price, and a mean of 4 renewals per person. At least 50% of ZiC proceeds stay on Nexo, indicating that customers are staying invested whereas accessing liquidity.
Nexo’s chief product officer, Elitsa Taskova, mentioned: “Nexo has all the time believed in being the place the market goes, not the place it already is. Zero-interest Credit set a brand new commonplace for Bitcoin and Ethereum holders, and increasing it to Solana and Ripple is the logical subsequent step, one we’re taking earlier than anybody else.”
The Rising Adoption of Crypto-collateralized Loans
Besides ZiC, BTC and ETH collectively account for roughly 70% of collateral quantity on Nexo’s lending platform as a complete. The remaining 30% of crypto loans are collateralized by different property, led by SOL and XRP. Hence, it is smart that the wealth administration platform opens up ZiC’s collateral choices to SOL and XRP holders.
The SOL and XRP ZiC collateral will function at a 30% loan-to-value (LTV) ratio. Users should deposit a minimal of 100 SOL or 5,000 XRP.
Meanwhile, Nexo’s newest transfer comes amid the elevated adoption of crypto-backed loans within the conventional finance area. The U.S. government-backed mortgage company Fannie Mae lately began accepting crypto-collateralized mortgages, permitting homebuyers to pledge their BTC as collateral with out promoting.
“It’s the identical logic ZiC is constructed on: debtors need liquidity with out exiting their positions,” Nexo concluded.
The submit XRP and SOL Holders Get New Perk With Nexo’s Zero-Interest Credit appeared first on CryptoPotato.
