Announcing Credit — an automated, undercollateralized lending system built on stablecoins. Live since December 2024, it has issued 175,000+ loans to 100,000+ unique borrowers worldwide
We raised $6.6M led by Paradigm, with Nascent and strategic angels, to scale and expand Credit
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💥BREAKING: May PCE inflation:
PCE MoM: +0.1% as expected
PCE YoY: +0.2% vs forecast of +0.1%
Core PCE MoM: +2.3% as expected
Core PCE YoY: +2.7% vs forecast of +2.6%
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