Users can now borrow stablecoins against ETH collateral for card payments without selling their holdings, expanding crypto card utility.
EtherFi has introduced a crypto card allowing users to post ETH as collateral, borrow stablecoins, and spend them via card payments. This model preserves exposure to ETH while unlocking liquidity for everyday transactions.
Traditional crypto cards typically require users to sell assets or preload funds. The new approach mirrors on-chain credit lines, enabling borrowing against holdings instead of liquidating them.
The feature targets users seeking to maintain long positions in volatile assets while accessing spendable capital. No immediate market reaction was reported.