EddieJayonCrypto

 19 Dec 23

tl;dr

:In 2023, crypto-based loans have rebounded by over 55% as companies turn to blockchain-based financing amid elevated interest rates, according to a recent Bloomberg report. Active private loans on blockchains have risen to $581 million, reflecting substantial growth since the beginning of the year,...

In 2023, crypto-based loans have rebounded by over 55% as companies turn to blockchain-based financing amid elevated interest rates, according to a recent Bloomberg report.


Active private loans on blockchains have risen to $581 million, reflecting substantial growth since the beginning of the year, but still below last year's peak. Blockchain protocols charge less than 10% for crypto loans, while traditional providers seek double-digit rates.

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