Credible Finance CRED Token Goes Live at $4M Cap After $32.7M in Demand on

Credible Finance's CRED governance token went live on Solana at 19:00 UTC on July 17 after MetaDAO META$3,619.36-0.4% confirmed the ICO had attracted approximately $32.7M in commitments against a $4M cap at $0.40 per token, $9.065M FDV. CRED is now live on Solana.

Tokens and USDC Refunds Distributed Automatically at TGE

MetaDAO announced that CRED tokens and USDC refunds were distributed automatically at the token generation event, with no manual claim step required from ICO participants. Wallets that committed more than their pro-rata share of the $4M cap had their excess returned in USDC at TGE.

The automatic on-chain settlement is built into MetaDAO's launchpad design: the protocol calculates allocations at close and distributes in the same sequence, without a separate claim window. CRED is now tradeable on Jupiter at the token's listing page.

$32.7M Against a $4M Cap

The $32.7M in demand against a $4M cap means roughly $28.7M in committed capital was returned to participants at TGE. At $0.40 per token and a $9.065M FDV, the implied total CRED supply is approximately 22.66 million tokens, of which 10 million were available through the ICO. Solana Compass data shows CRED settled with 1,180 holders as of TGE on July 17.

As Solana Compass reported on July 14, the $20M mark had already been crossed within 19 hours of the raise opening, representing 10x oversubscription at that point in the window. The $32.7M final close reflects demand that continued accumulating through the raise, with 77% of committed capital sourced from wallets deploying $100,000 or more per that coverage.

Credible Finance's Payments Business

Credible Finance operates a stablecoin-native payments platform for internet businesses, routing pay-ins, pay-outs, and cross-border settlements across more than 40 markets and 37 currencies. The platform targets verticals including prediction markets, stablecoin fintechs, Web3 platforms, and AI-native startups. Per its MetaDAO fundraise listing, it has processed $700M+ in total volume, generates $3.5M in annual recurring revenue, and was growing at 29% month-over-month as of the raise window.

As covered in June, Credible also opened a China-India cross-border corridor in partnership with NASDAQ-listed OwlTing Group, running on Solana stablecoin rails.

CRED is Credible Finance's governance and ownership token. Holders vote on protocol proposals, fee structures, partner onboarding, and chain expansion decisions.

MetaDAO's Futarchy Launchpad

MetaDAO runs a futarchy-based launchpad on Solana, where conditional outcome markets determine whether proposals pass rather than token-weighted votes. The Credible Finance ICO was a curated raise under that framework, with a fixed cap that limited proceeds regardless of demand.

The raise opened July 13 and ran for approximately four days. MetaDAO has been broadening the use cases for the same settlement infrastructure: in June, its futarchy mechanism executed an on-chain take-private of the ZINC protocol, the first time that structure had been used on the platform. The CRED TGE processed 8x oversubscription through the same automatic on-chain distribution layer, without manual intervention.