This article discusses how onchain credit protocols and stablecoins could revolutionize unsecured lending. By using programmable money and real-time funding, the traditional credit card system can be improved, enabling better capital allocation and transparency. The piece also highlights the need for new credit scoring methods and infrastructure to support this shift.

Blockchain lender Figure Technology Solutions Inc. is set to go public this month, aiming to raise up to $526 million in an IPO that could value the company at $4.13 billion. Founded in 2018, Figure has expanded its offerings beyond home equity loans to include crypto-backed loans and is leveraging AI for loan evaluations, reporting significant revenue growth in recent months.