Nexo adds SOL, XRP as collateral for zero-interest loans

Crypto lender Nexo has announced the addition of Solana (SOL) and XRP as collateral options for its Zero-Interest Credit (ZiC) line. The ZiC product allows users to borrow stablecoins at a 0% annual interest rate without the risk of forced liquidations. In exchange, Nexo captures any excess profits if the collateral's value appreciates beyond a certain threshold. The product also requires a lower loan-to-value (LTV) ratio of 30% compared to the company's standard loan offerings.