Cycles is introducing Cycles Prime as part of its initiative to develop decentralized credit markets. This platform aims to enhance credit conditions following the 2022 crypto crisis, which significantly impacted the unsecured credit landscape.
Ethan Buchman, CEO of Cycles, notes that tighter credit policies are a result of the crisis, making collateral a necessity for many transactions. The industry must adapt to these changes to foster a healthier credit ecosystem moving forward.
Leave a Reply