@Plasma anchored the credit market through Aave (lending), Tether (liquidity in dollars), Ethena, and Ether.fi (productive collateral). This is no longer a test DeFi sandbox, but an attempt to gather a full stack.
Next - deeper integrations with on/off ramps, FX, and licensed payment solutions. If on-chain credit is really connected to merchant settlement and treasure - this will be a complete infrastructure, not just a token narrative.
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