Galaxy’s latest Perspective report examines how credit markets are being reimagined through onchain systems, emphasizing the role of stablecoin cash flows, smart contract lockboxes, and programmable enforcement in transforming asset-backed finance. This shift aligns with industry trends towards programmable finance on public blockchains, where stablecoins play a crucial role in ensuring seamless transactions. Additionally, the integration of automated enforcement mechanisms within blockchain protocols highlights the move towards more efficient, intermediary-free asset-backed lending.
Galaxy explores transformation of credit markets onchain
