Nexo Lets Users Borrow Against XRP at 0% APR as Crypto Lending Heats Up Nexo is doubling down on crypto-backed lending with a major upgrade to its flagship Zero-Interest Credit line, now letting users borrow against XRP and Solana at 0% APR. By adding both assets alongside Bitcoin and Ethereum as eligible collateral, the platform is signaling a clear shift, moving digital assets beyond passive holding into practical, everyday financial tools. At its core, the offering taps into a simple but powerful premise: unlock liquidity without parting with your crypto. By pledging XRP or SOL as collateral, users can borrow stablecoins while keeping their assets intact. Nexo acknowledges the model is designed to deliver greater certainty, eliminating liquidation risk at maturity under specific conditions and offering a more predictable path through volatile market swings. The digital assets wealth platform says its Zero-interest Credit product has already processed over $170 million in loans, with 66% of borrowers returning for another round. This kind of repeat activity points to rising demand for crypto-backed credit, especially among users who want liquidity now without giving up their long-term positions. XRP and Solana Join Nexo’s Collateral Framework as Crypto Lending Expands Nexo framed the update as a strategic expansion of its credit ecosystem, bringing XRP and Solana fully into its collateral framework. The move is designed to extend built-in downside protection while giving users greater flexibility across a broader range of assets, shifting borrowing power beyond just Bitcoin and Ethereum. The timing aligns with broader developments in on-chain lending infrastructure. In late March, Evernorth signaled plans to roll out native XRP lending on the XRP Ledger, a move that could unlock up to $100 billion in sidelined capital by pushing lending activity fully on-chain. If delivered at scale, it would mark a major transition toward self-contained liquidity within the XRP ecosystem. Furthermore, Coinbase expanded its own credit offering, adding XRP, Dogecoin, Cardano, and Litecoin as eligible collateral for U.S. users. The program enables borrowing of up to $100,000 in USD Coin, underscoring intensifying competition among major platforms to capture rising demand for crypto-backed loans. Therefore, these developments point to a clear trend: digital assets are being repositioned from passive holdings into yield-generating financial tools. Whether through centralized players like Nexo and Coinbase or emerging on-chain frameworks like Evernorth’s XRPL initiative, the lending layer of crypto is quickly maturing into a more structured, accessible, and capital-efficient credit market.
