This article discusses a presentation at the Bank of England that examines stablecoins beyond the concept of narrow banking. It focuses on the necessary steps to integrate money and credit within blockchain systems.

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.