Tokenized Private Credit May Introduce Risks to USDC in DeFi Protocols

Tokenized private credit represents the most active category for on-chain assets in crypto, with $2.1 billion tokenized as of now, up sharply from prior lows. However, recent bankruptcies and value write-offs highlight risks, including uncertain loan valuations that could impact DeFi protocols and stablecoin stability. Private credit tokenization has surged to $2.1 billion, per RWA.xyz [...]