Galaxy Launches Crypto-Backed Line of Credit Service
On August 25, 2026, Galaxy introduced a new crypto-backed line of credit service through its retail app GalaxyOne. The feature allows eligible U.S. users to borrow cash using Bitcoin (BTC), Ethereum (ETH), and staked Solana (SOL) as collateral without having to sell their assets. This offering is part of the broader GalaxyOne superapp, launched in October 2025, which already includes services like high-yield savings accounts, crypto staking, and commission-free stock trading. The line of credit comes with a variable annual percentage rate (APR) of 8.99%, no origination fees, and a maximum loan-to-value ratio of 50%. Notably, users can continue to earn rewards on their staked SOL while it is used as collateral. Galaxy emphasizes that the pledged assets are not rehypothecated, adding an extra layer of security for borrowers.
Topics: collateral lending cryptocurrency DeFi line of credit