<p><a href="https://celsius.network/" rel="nofollow noreferrer">Celcius</a> has already committed to integrating Cardano's ADA, which will let you borrow against your ADA for USD or a stable coin. I don't have a timeline when ADA will be implemented, my guess is after Alonzo.</p>

CC BY-SA 4.0
2024-12-13T06:50:20.330Z
Oof that answer aged badly. Stole my life savings
kraakbal
CC BY-SA 4.0
2021-05-25T22:11:34.410Z
2021-05-25T22:19:18.510Z
2021-05-25T22:19:18.510Z
Nik R
<p>This is really up to the users (or dApps) on Cardano, but in order to get credit you normally have to provide a collateral. The lender wants to make sure they are getting their money back. Getting credit without putting down a collateral will at least require some form of identification and proof of trustworthiness. Simply having an account/address on Cardona won't be sufficient because anyone create those indefinitely. So in the end it depends on what kind of solutions will be deployed to Cardano and how they are integrated to identity providers all around the world.</p>

CC BY-SA 4.0
2021-05-25T21:42:00.077Z
2021-05-25T21:42:00.077Z
tobxy123
<p>Are there any feature of Cardano ADA or its ecosystem that make borrowing against ADA held easier or better than other cryptocurrencies?</p>
<p>Will all credit require that an application be developed to support it?</p>

<ada><proof-of-stake>
Does ADA have any credit features built into it?
# Does ADA have any credit features built into it?

(Asked by: username_0 on 2021-05-25)

Are there any feature of Cardano ADA or its ecosystem that make borrowing against ADA held easier or better than other cryptocurrencies?

Will all credit require that an application be developed to support it?

**Tags:** ada, proof-of-stake

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## 2 answers

### Answer by username_1 on 2021-05-25. Score: 1

[Celcius](https://celsius.network/) has already committed to integrating Cardano's ADA, which will let you borrow against your ADA for USD or a stable coin. I don't have a timeline when ADA will be implemented, my guess is after Alonzo.

> **Comments:**
> **username_2**: Oof that answer aged badly. Stole my life savings  

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### Answer by username_3 on 2021-05-25. Score: 1

This is really up to the users (or dApps) on Cardano, but in order to get credit you normally have to provide a collateral. The lender wants to make sure they are getting their money back. Getting credit without putting down a collateral will at least require some form of identification and proof of trustworthiness. Simply having an account/address on Cardona won't be sufficient because anyone create those indefinitely. So in the end it depends on what kind of solutions will be deployed to Cardano and how they are integrated to identity providers all around the world.


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