PANews reported on August 26 that Circle CEO Jeremy Allaire said on social media that all forms of credit will be on-chain in the future. This statement is a response to the views of Aave founder Stani Kulechov, who believes that decentralized finance (DeFi) will become the foundation of all finance and points out that DeFi is not limited to collateralized transactions, but also has important value for users seeking loans.
