The product sets USDC credit limits from onchain wallet activity rather than bureau scores or bank statements, and does not require locked collateral.
Surf has launched crypto-native loans on Solana, offering borrowing in USDC based on wallet history instead of traditional credit bureau scores or bank statements. The product also does not require locked collateral, a structure that aims to extend credit using onchain activity as an alternative measure of borrower behavior. The launch highlights a growing effort in crypto lending to use blockchain-based transaction records to assess risk for users who may not fit conventional underwriting models.