According to @LexSokolin, uncollateralized DeFi currently mirrors traditional finance but could evolve into AI-driven credit where agents underwrite loans in milliseconds, predictive models replace collateral, and behavioral economics executes on-chain, source: Lex Sokolin on Twitter, Dec 20, 2025. For traders, this thesis highlights on-chain credit and AI-in-DeFi infrastructure as areas to monitor as the primitive exists and enabling infrastructure is coming, source: Lex Sokolin on Twitter, Dec 20, 2025.

According to @CoinMarketCap, citing Galaxy Digital, centralized crypto lending outstanding loans climbed to $25 billion in Q3 2025, the highest level since Q1 2022 (source: Galaxy Digital; via @CoinMarketCap, Dec 1, 2025). Tether (USDT) dominated with a 60% market share of open loans, underscoring USDT’s lead within CeFi credit markets (source: Galaxy Digital; via @CoinMarketCap, Dec 1, 2025).

According to the source, analysts at Bernstein assigned an outperform rating to blockchain lender Figure and set a new price target of $54 per share, citing tremendous growth headroom (source: Bernstein). This constructive stance on a blockchain-focused lender signals institutional confidence in blockchain-based financial infrastructure, a factor traders monitor when positioning in crypto-adjacent equities and credit themes (source: Bernstein). Key trading takeaway: the $54 target provides a near-term reference level for price discovery and risk-reward calibration in Figure shares as coverage broadens (source: Bernstein).

According to the source, Michael Saylor stated that Bitcoin offers the world’s best collateral and that issuing digital credit against BTC would yield the world’s best credit, source: public social media post dated Sep 21, 2025. The comment centers on the Bitcoin-as-collateral and digital credit theme relevant to BTC treasury strategies and crypto lending markets, source: public social media post dated Sep 21, 2025.