The post Credible Finance Targets $500M in Transactions on Plume’s Blockchain by 2025 appeared on BitcoinEthereumNews.com.

New York City, United States, December 6th, 2024, Chainwire Plume Network is proud to partner with Credible Finance, a full-stack payment financing platform within the Plume ecosystem, as they gear up to process $500 million in payment transactions by December 2025. Leveraging Plume’s modular RWAfi L1 blockchain infrastructure, Credible is a full-stack PayFi protocol that combines stablecoins, debt tokenization, and advanced AI-driven credit scoring. Credible Finance is backed by prominent investors such as Outlier Ventures, BitSwiss Capital, and Circle; Credible is at the forefront of transforming decentralized finance. Credible is actively raising its seed round while continuing to innovate and expand, further strengthening its foundation for global impact. As a strategic partner, Plume is deeply integrated within Credible’s infrastructure. From empowering their native credit scoring mechanisms to supporting their validator oracle network and incorporating their yield-generating products across Nest and various Plume-based lending protocols, this partnership is a cornerstone of Plume’s commitment to decentralized finance innovation. Credible’s full-stack platform is designed to address the complexities of payment financing with a comprehensive approach: DeFi for Collateral Management: Ensures full transparency in collateral handling, preventing issues similar to those seen with Celsius and BlockFi. This secures borrower assets while maintaining trust and accountability. Licensed Framework: Operates in compliance with payment, lending, and crypto regulations, tailored to fit the needs of borrowers and the jurisdictions they operate in. Fintech App: A seamless platform enabling fiat borrowing and repayment for end-users. Additionally, Credible provides an SDK for fintech developers to build custom solutions on top of their infrastructure. Oracle AI for Reputation Building: Aiming to transition from overcollateralized to undercollateralized and eventually no-collateral loans, Credible’s AI-powered Oracle integrates a credit scoring model akin to FICO. This system builds onchain reputations for borrowers by assessing wallet activity across DeFi platforms. Transforming PayFi with Decentralized Innovation…

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Filed under: News - @ December 7, 2024 3:23 am