Companies flock to blockchain-based private credit amid rising interest rates. RWA.xyz reports a 55% surge in digital ledger loans, totaling $408 million by November 28th, 2023. Despite the dip from its $1.5 billion peak, this signals a notable revival. Blockchain offers lower borrowing costs, often below 10%, versus double-digit rates in traditional markets.
Blockchain-Based Private Credit Surges 55% as Companies Seek Financing Amid Rising Interest Rates
