Bybit Unveils nOPAL, a Revolutionary On-Chain Credit Product
nOPAL is an innovative on-chain credit product that offers stablecoin investors access to yield generated from Brazilian credit card receivables, rather than relying on token incentives or market cycles.
Available through Bybit's RWA Earn product category, nOPAL has a trailing 30-day APR of roughly 10-12%, with a current rate of 11.05% as of August 25, 2026.
The underlying fund, LiquidStone II, is managed by BlackOpal and provides exposure to Brazilian credit card receivables through institutional Non-Deliverable Forwards (NDFs) that hedge BRL/USD currency movements.