CREDI brings private credit markets to Starknet
CREDI is bringing private credit markets to Starknet, aiming to put some of the $1.75 trillion private-credit market onchain. It reduces default risk by routing a borrower's Visa settlement directly into CREDI's vault, so the borrower never holds the cash. CREDI is part of the first Proof of Privacy cohort, an incubator/accelerator run by the Starknet Foundation.
Sources
- CREDI is part of the first Proof of Privacy cohort, an incubator and accelerator program launched by the @StarknetFndn. Learn more on @Credilabs approach 👇🏻 https://t.co/yRHeUbGuND Quoting @credilabs: https://t.co/aozuSpYMtJ Replying to their earlier post: How CREDI reduces default risk: when a borrower's Visa settlement comes in, it's paid directly into CREDI's vault, not into the borrower's account. The borrower never holds the cash, so there's no po…x.com ↗
- Private credit is a $1.75 trillion market and almost none of it is onchain. Introducing CREDI: private credit markets on Starknet. 🧵 https://t.co/Qtlto51skgx.com ↗
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