Galaxy Digita2026-08-28 03:25:00Galaxy launches crypto-backed credit line on GalaxyOne using BTC, ETH and SOL as collateralGalaxy Digital has rolled out a Crypto Portfolio Line of Credit on its retail platform GalaxyOne, giving users a way to borrow against BTC, ETH and SOL without selling their holdings. The product, launched on Aug. 25, accepts mixed collateral including staked SOL, offers loans in U.S. dollars or USDC at a fixed 8.99% annual rate, and starts with a 50% loan-to-value ratio. Galaxy said the line comes with no origination fee, monthly interest payments, revolving access to credit and instant funding, and is now available in 40 U.S. states. The structure matters because Galaxy is pairing retail access with features usually emphasized after the failures of the previous lending cycle. The firm said customer collateral will not be rehypothecated, and staked SOL can continue earning staking rewards while being used in the credit line. The launch also arrives as the broader crypto-collateralized lending market contracts, even as CeFi lending has rebounded from its 2023 low. The product is aimed at holders who want liquidity without triggering a taxable sale, but its economics still depend heavily on market direction, interest cost and liquidation risk.1010
MoonPay2026-08-27 15:58:34MoonPay adds Kamino to PayBox, letting eligible users access Solana lending through AI chatMoonPay has integrated Solana lending protocol Kamino into its AI payments vault, PayBox, allowing eligible users to carry out token lending or collateralized borrowing on Solana by chatting with ChatGPT or Claude. The company did not launch a new lending product; instead, the integration replaces Kamino’s standard interface with natural-language instructions. Users can require passkey approval for every transaction or let AI act within preset limits. According to DefiLlama, Kamino has about $1.3 billion in total value locked and roughly $1 billion in active loans. MoonPay launched PayBox in July with support for payments, token swaps, cross-chain bridging, and yield access through Aave. By adding Kamino, PayBox is moving beyond AI payments into credit management. The setup also gives AI agents authority to manage user funds, meaning a single instruction can open a leveraged position, which may be liquidated if falling collateral value hits Kamino’s liquidation threshold. The service is not currently available to users in the U.S., UK, EU, or Australia.950
Policy Regula2026-08-27 10:50:35Galaxy executive Zac Prince rolls out new crypto lending offer as BlockFi settlement payouts remain pendingZac Prince, the founder of BlockFi and now a managing director at GalaxyOne, has launched a new crypto-backed borrowing program featuring interest-only loans, waived origination fees, and other promotional terms aimed at attracting customer assets. The rollout comes while members of a BlockFi class action that targeted Prince are still waiting to receive funds from a $13.25 million court-approved settlement. Prince was a defendant in litigation over BlockFi Interest Accounts, with plaintiffs alleging that the products were sold without adequate disclosures under US securities law. A judge ordered insurers backing Prince and BlockFi’s executive team to fund the $13.25 million settlement pool, though the defendants waived any admission of wrongdoing. The settlement was approved in December 2025, but distribution is still pending as the claims administrator prepares the next steps. GalaxyOne’s new line of credit allows clients to borrow against BTC, ETH, and SOL. Galaxy says the product has no origination fee and does not rehypothecate collateral, though borrowers still face liquidation risk if pledged assets fall in value. The article also points to Galaxy’s prior settlement with New York over its promotion and sale of LUNA, which required $200 million in disgorgement to be paid in four installments through 2028.1060
Bitcoin2026-08-26 20:22:59Better Mortgage and Coinbase roll out Bitcoin-backed mortgage product across the U.S.Better Mortgage and Coinbase have launched a Bitcoin-backed mortgage product for U.S. homebuyers, allowing borrowers to use BTC as collateral for a down payment without selling their holdings. The structure combines a Fannie Mae-backed mortgage with a separate down payment loan secured by Bitcoin. Borrowers must pledge BTC worth at least 250% of the down payment loan, with the collateral held in a Better custodial account on Coinbase Prime. Both loans carry the same interest rate and amortization term and are repaid through a single monthly payment. Better said a drop in Bitcoin’s price alone will not trigger a margin call or change loan terms, though the company can liquidate the pledged BTC if a borrower is 60 days delinquent. The product was first announced in March and opened for early access at that time. The rollout comes after the U.S. Federal Housing Finance Agency in June 2025 directed Fannie Mae and Freddie Mac to study the use of crypto in mortgage risk assessments, while mortgage lender Newrez said in January that it would begin recognizing some crypto assets in mortgage application reviews starting in February.950
Bitcoin2026-08-26 20:20:44Better and Coinbase roll out bitcoin-backed loansBetter has launched a bitcoin-backed loan product in partnership with Coinbase, according to ChainCatcher. The offering allows borrowers to use BTC as collateral to access funds without selling their holdings. That gives users a way to unlock liquidity while keeping exposure to bitcoin. ChainCatcher said the structure also helps borrowers avoid capital gains tax that could arise from selling the asset. No additional details on loan terms, supported regions, or product limits were disclosed in the brief.820
Galaxy2026-08-26 20:03:28Galaxy launches crypto-backed revolving credit line for eligible U.S. clientsGalaxy launched its GalaxyOne Crypto Portfolio Line of Credit, or PLOC, on Aug. 25 for eligible U.S. customers, offering a new retail crypto lending product built around pledged digital assets rather than forced sales. The facility lets borrowers post BTC, ETH and SOL — including staked SOL — under a single revolving credit line and draw cash without selling their holdings. Galaxy said the product carries no origination fee, uses a variable annual percentage rate of 8.99%, and starts at a 50% loan-to-value ratio, meaning $100,000 in pledged assets can support roughly $50,000 in borrowing. According to Galaxy, collateral values are monitored on an ongoing basis and customers receive advance warnings if asset prices decline. Draws are typically available instantly, with funds usable on platform or withdrawable as USD or the USDC stablecoin. The company also said pledged crypto is not rehypothecated or lent out, while staked SOL continues earning rewards during the collateral period. The product is offered by GalaxyOne Lending LLC in 40 states, excluding California, Delaware, Idaho, Indiana, Minnesota, Mississippi, Missouri, Nevada and South Dakota. ChainCatcher described the launch as an attempt to revive retail crypto lending on a regulated track after the 2022 collapses of Celsius, BlockFi and Voyager.880
Galaxy2026-08-26 19:56:03Galaxy Opens Retail Crypto-Backed Credit Lines for BTC, ETH and SOL on GalaxyOneGalaxy on Tuesday launched a retail crypto-backed credit product that lets eligible GalaxyOne clients borrow cash against Bitcoin, Ethereum and Solana without selling their holdings. The new Crypto Portfolio Line of Credit, or PLOC, combines BTC, ETH and SOL into a single revolving credit line rather than requiring a separate loan for each asset. Galaxy set the variable annual percentage rate at 8.99% and the origination loan-to-value ratio at 50%, meaning a $100,000 portfolio would support roughly $50,000 in borrowing. The company said collateral values are monitored continuously and that users are warned before any collateral action is taken if asset prices fall. Borrowed funds are usually available instantly and can be used on-platform or withdrawn in U.S. dollars or USDC. Galaxy also said pledged assets are not rehypothecated while backing the credit line, and staked SOL can continue earning rewards without being unstaked. The launch comes years after the 2022 failures of Celsius, BlockFi and Voyager, which froze customer funds and triggered liquidations during the market downturn. GalaxyOne Lending LLC currently offers the product in 40 U.S. states, excluding California, Delaware, Idaho, Indiana, Minnesota, Mississippi, Missouri, Nevada and South Dakota.1010
Coinbase2026-08-26 18:40:55Coinbase launches Bitcoin-backed home loan service in the USCoinbase has rolled out a Bitcoin-backed mortgage-related lending service in the United States, allowing homebuyers to use their BTC holdings as collateral for a down payment. The service lets borrowers access home purchase funding without selling their Bitcoin, according to the item cited by Techub News. The report also says users will not face margin call requirements under the product structure. Coinbase says the offering is designed to help customers keep exposure to potential upside in Bitcoin while securing funds for a home purchase. The update was cited from CoinDesk in the original brief.880
