Circle Payments Network White Paper

Circle’s Payments Network White Paper outlines a new global settlement protocol connecting banks and fintechs through USDC and EURC. The network merges blockchain programmability with regulated compliance, reshaping cross-border and institutional payments.

Luc

The State of Stablecoins 2025: Supply, Adoption & Market Trends

Dune and Artemis’ State of Stablecoins 2025 reveals a USD 225 billion market growing 63% YoY, with over USD 35 trillion in annual transfers. Fiat-backed models dominate, while Solana and Base emerge as the new stablecoin powerchains.

Luc

Private Credit: Risks and Benefits of a Maturity Wall

Model shows how finite-life funds’ ‘maturity wall’ disciplines borrowers and expands credit, shifting risk from banks while raising liquidation risk. Net effect: higher expected output but sharper tail losses, with implications for co-financing, bank portfolios, and policy trade-offs.

Luc • Private Credit

Understanding the Potential of Alternative Investments

The Alts Institute’s 2025 report explores how real estate, infrastructure, private equity, and private credit are transforming portfolios, with individual investor allocations to alternatives expected to triple by 2025.

Luc

Private Credit: Further Confirmation of Its Staying Power

BlackRock’s Private Credit: Staying Power (2025) highlights how banks and asset managers are converging in a USD 2.5 trillion market projected to reach USD 4.5 trillion by 2030, with direct-lending yields near 11.5% and enduring investor demand.

Luc

The Next Era of Private Credit

McKinsey’s The Next Era of Private Credit outlines how USD 2.1 trillion in private credit is reshaping global finance as banks retreat and alternative lenders expand. The report forecasts the market doubling by 2030, driven by institutional demand and digital innovation.

Luc