Nexo Expands Zero-Interest Credit to Solana and Ripple

Nexo has made a significant move in the crypto-backed lending space by expanding its Zero-interest Credit (ZiC) offering to include Solana (SOL) and Ripple (XRP) as eligible collateral.

This development marks an industry first for zero-interest, no-liquidation lending backed by these assets. The expansion allows a broader group of users to access liquidity without selling their holdings.

Nexo's ZiC product enables users to borrow stablecoins at 0% APR over a fixed term, with no risk of forced liquidation during the loan period. For SOL and XRP-backed loans, ZiC operates at a 30% loan-to-value (LTV) ratio, with minimum collateral requirements set at 100 SOL or 5,000 XRP.