Personal Credit Line

Credible offers fast, secure short-term loans with crypto or tokenized RWA collateral, funded in stablecoins, and settled in fiat via licensed fintech partners.

Credible's short-term personal loans provide consumers with a fast, secure way to access liquidity for immediate financial needs, such as medical bills, emergency expenses, or planned purchases. By leveraging crypto assets and tokenized RWAs as collateral, users can quickly access credit lines that are processed and settled in fiat.

How It Works:

• Collateralization: To obtain a short-term loan, users pledge crypto assets (e.g., Bitcoin, Ethereum) or tokenized RWAs (real estate, business assets, etc.) as collateral. This overcollateralization minimizes risk and ensures the loan is secure, even during periods of market volatility.

• Stablecoin Funding: Once collateral is provided, the loan is issued in stablecoins. These stablecoins maintain a fixed value relative to a fiat currency, making them ideal for personal loans where value stability is critical.

• Fiat Settlement: Even though the loan is disbursed in stablecoins, payment and final settlement occur in fiat currency. Credible’s licensed fintech partners facilitate the conversion of stablecoins to fiat, ensuring the loan is repaid in the appropriate local currency (USD, EUR, etc.).

• Repayment: Users repay the loan in stablecoins over an agreed-upon period, which is managed through the platform’s secure wallet system. The value of the collateral is continuously monitored to ensure that it remains sufficient to cover the loan.

Benefits:

• Quick Access to Liquidity: Provides individuals with fast access to funds without the need for traditional bank loans, long approval processes, or credit checks.

• Stablecoin Security: By issuing loans in stablecoins, Credible ensures that both the lender and borrower are protected from cryptocurrency market fluctuations.

• Seamless Fiat Settlements: The integration with fintech partners ensures that users can access their funds in fiat currency, making the loan accessible for everyday use.