Galaxy Digital Launches Crypto-Backed Credit Line for Retail Users

Galaxy Digital has introduced a crypto portfolio line of credit on its GalaxyOne platform, allowing users to borrow USD or USDC against BTC, ETH, and SOL. The product features an 8.99% annual interest rate, a 50% initial loan-to-value ratio, and no account fees. Notably, it supports staked SOL without interrupting staking rewards and guarantees that collateral will not be rehypothecated. The service is currently available in 40 U.S. states, targeting high-net-worth individuals and family offices seeking liquidity without triggering taxable events from selli