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Galaxy Launches Crypto-Backed Credit Line with 8.99% APR

Guavy AI Editorial Team
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Galaxy Digital has launched an 8.99% annual percentage rate (APR) crypto-backed credit line for eligible GalaxyOne users, allowing them to borrow against their Bitcoin (BTC), Ether (ETH), and Solana (SOL) holdings without selling them.

The credit line is available in 40 U.S. states with a starting loan-to-value ratio of 50%, and funds can be received in U.S. dollars or USDC.

GalaxyOne users can combine BTC, ETH, SOL, and staked SOL as collateral, rather than taking separate loans against individual assets.

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