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      Galaxy Launches Bitcoin, Ethereum and Solana Collateralized Lending Service, Expanding Retail Crypto Lending Business

      PANews reported on August 26, according to The Block, Galaxy Digital's retail platform GalaxyOne has launched a crypto asset portfolio credit line, allowing eligible clients to borrow cash using Bitcoin, Ethereum, and Solana (including staked SOL) as collateral without selling assets. The product aims to help investors access liquidity without triggering taxable events, consolidating multiple crypto assets as collateral and providing instant USD or USDC funding through a single revolving credit line. The product has no fees, an annual interest rate of 8.99%, does not involve rehypothecation of collateral, and initially covers 40 U.S. states. GalaxyOne Managing Director Zac Prince said the product leverages Galaxy's institutional-grade infrastructure to offer competitive rates and flexibility.


      Source: PANews
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