Solana news: Nexo Expands 0% Credit to SOL and XRP, Pioneering Crypto Lending
Nexo Adds SOL and XRP to Zero-Interest Credit
Nexo has expanded its Zero-interest Credit (ZiC) product to include Solana (SOL) and Ripple (XRP) as eligible collateral. This move marks an industry first for zero-interest, no-liquidation lending backed by these assets. Previously, the platform's collateral base was dominated by Bitcoin (BTC) and Ethereum (ETH).
Broader Access to Interest-Free Borrowing
With the addition of SOL and XRP, Nexo broadens access to interest-free borrowing. Over 30% of Nexo loans now use non-BTC, ETH collateral, with SOL and XRP leading this segment. The company aims to allow more users to access liquidity without selling their holdings.
- Zero-interest borrowing for SOL and XRP
- No liquidation risk during loan term
- 30% loan-to-value (LTV) ratio
How ZiC Works for SOL and XRP
ZiC enables users to borrow stablecoins at 0% APR over a fixed term. For SOL and XRP, the product operates at a 30% LTV ratio, with minimum collateral requirements of 100 SOL or 5,000 XRP. Repayment terms are predefined, offering predictability compared to traditional crypto lending.
Nexo reports over $170 million in total loan volume through ZiC, with a 66% borrower renewal rate. More than half of borrowed funds remain on the platform, indicating users leverage liquidity while maintaining exposure to their assets.
Crypto-Backed Lending in Broader Finance
Crypto-collateralized financing is gaining recognition in traditional finance. For example, in March 2026, Fannie Mae began accepting crypto-backed mortgages. Nexo positions its ZiC product within this trend, emphasizing the demand for liquidity solutions that do not require asset sales.
The expansion to SOL and XRP aligns with growing diversification in crypto portfolios and evolving borrower preferences.
