Avici announces stablecoin borrow features.
The self-custody stablecoin and crypto platform has rolled out new features for customers, including the ability to unlock credit lines from deposited collateral. Users can deposit native Solana tokens and in return receive USDC and EURC loans for spending via Jupiter and Fluid.
An interesting mechanism here is that the underlying collateral provided to borrow in permitted stablecoins can also simultaneously earn while sitting idle. Recently, the team also updated their in-app usability to make it simpler for on the go purchases.
Avici provides virtual and physical spending cards partnered with Visa, works with USD and EUR currencies, and offers users the chance to opt into lifestyle rewards akin to traditional card schemes.
