Galaxy Lets US Clients Borrow Cash Against Bitcoin, Ether and Solana
Galaxy has launched a crypto-backed credit line for eligible US clients, allowing them to borrow against Bitcoin, Ether and Solana without selling their holdings. The revolving facility also accepts staked Solana.
The credit line combines eligible assets under one facility. Galaxy says pledged collateral remains protected and is not rehypothecated, allowing borrowers to access cash while keeping their crypto positions.
Borrowing Against Crypto Holdings
The Crypto Portfolio Line of Credit carries an 8.99% annual percentage rate, with no origination fee and interest-only monthly payments. Clients can generally access funds soon after opening a line and withdraw dollars or USDC for expenses including taxes and property purchases.
Related: The Dollar Left America Decades Ago: What Eurodollars and Stablecoins Reveal About Control
Galaxy offers the facility in 40 US staโฆ
Read The Full Article Galaxy Lets US Clients Borrow Cash Against Bitcoin, Ether and Solana On Coin Edition.
