Rivet is...

We believe that crypto owners in emerging markets are not being offered the credit they deserve. In many counties, consumer credit is both expensive and highly limited. Now that crypto ownership is becoming increasingly widespread, we believe we can do better.

Rivet is crypto-secured consumer credit, designed to help borrowers in developing countries meet their real-world financial obligations. We accept BTC as collateral for a line of credit that is denominated in stablecoin (USDT or USDC).

It is here in full, but in brief we intend to be the best and most convenient credit available to crypto owners in your market.

Our ability to hold your crypto as collateral reduces losses in the event of default, allowing us to offer you lower interest rate and/or higher credit limits. This practice is common for many types of popular loans, such as those for cars, motorcycles, and homes.

Yes, it will be stored on Fireblocks, the market leading platform for secure digital asset storage and transmission.

We are a Panama-based company that offers lines of credit to borrowers in Argentina, Colombia, and Venezuela. We are expanding into other Spanish-speaking countries in Latin America so please check back here for updates or start an application to be notified when your country is added.

Our line of credit is a stablecoin-denominated loan we extend to you, up to a set limit. You are free to withdraw any amount of funds up to that limit and use these funds as you see fit. Daily interest charges apply. You can repay your balance any time you want, but there are minimum payments due every 30 days, and late fees can apply to delinquent payments. Specific details will be provided in your borrower agreement.

Your stablecoin draws will be moved to an “off-ramp” provider of your choice (if you came to us directly) or to the crypto entity that connected us (if you came to us via a partnership). Specific details will be provided in your borrower agreement.

Credit limits range from 50 to 2,000 USDT with a loan-to-value (LTV) between 30% and 80%, based on market conditions when you post your BTC collateral.  Interest rates will be between 1.50% and 2.75% monthly. Please note that through October 2025, LTV – interest rate offer pairs will be assigned at random while we build out risk-based pricing.

The credit application consists of basic information gathering, phone authentication, ID upload, and agreement signing. This should take about 2 minutes. If you are made an offer, you will be given BTC send instructions to deliver your collateral. After your collateral is received and verified, you will be able to borrow against your credit line.

No. Your credit limit will stay fixed, we will manage the risk associated with changes in collateral value so you won’t need to. You will also not be asked to contribute additional collateral to your account to maintain your existing credit limit.

It will depend on where you store your stablecoins, but most wallets and exchanges in Latin America support the TRON network for USDT at a minimal fee. In some cases, you may be able to repay via Fireblocks at no fee.

When you fund your account in BTC, we support both the Lightning Network and on-chain transmission. For collateral funding, we provide a transmission fee rebate of 30 bps on Lightning and 100 bps on-chain.

Simply pay your outstanding balance off and close your account. Your BTC will be returned to you in full with no fee.

You can catch up on payments in future months, we typically won’t force liquidation right away for a missed payment. If your financial situation has worsened and you don’t think you can repay your obligation, you can request an account closure. Here, we will liquidate a portion of your collateral to repay the loan balance and return the rest to you.

Not at launch in Q3 2025. In the future, we will let you know how to apply for a credit limit increase, either based on strong repayment history or based on changes in collateral value.

Please get in touch with us here.