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Jupiter Exchange Launches Onchain Credit for Trading Card Grading Market

The platform said collectors can use verified graded cards as collateral for fixed-term USDC loans on Solana (blockchain network).

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Summary

Jupiter Exchange said it has launched onchain credit (blockchain-based lending records) for the $10 billion trading card grading market, allowing collectors to borrow fixed-term USDC loans by posting verified graded cards as collateral. The product runs on Solana (blockchain network), extending crypto lending infrastructure to real-world collectible assets that have been authenticated and graded.

Terms & Concepts
  • Onchain credit: Credit activity recorded on a blockchain, allowing loan issuance and collateral status to be tracked through blockchain-based systems.
  • USDC: A U.S. dollar-pegged stablecoin designed to maintain a stable value for payments, trading, and lending in crypto markets.
  • Collateral: An asset pledged to secure a loan, which a lender can claim if the borrower does not repay.