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New York City, USA, December 6, 2024, Chainwire – Plume Network prepares to process $500 million in payment transactions by December 2025, announces Credible Finance, a full-stack payments finance platform within the Plume ecosystem. We are proud to partner with. Leveraging Plume's modular RWAfi L1 blockchain infrastructure, Credible is a full-stack PayFi protocol that combines stablecoins, debt tokenization, and tokenization. Advanced AI-driven credit scoring. Credible Finance is backed by prominent investors including Outlier Ventures, BitSwiss Capital, and Circle. Credible is at the forefront of the decentralized finance revolution. Credible continues to innovate and expand while actively raising seed rounds to further strengthen its foundation of global influence.
As a strategic partner, Plume is deeply integrated into Credible's infrastructure. From enhancing native credit scoring mechanisms to supporting a network of validator oracles to incorporating revenue-generating products across Nest and various Plume-based lending protocols, this partnership is fundamental to Plume's commitment to decentralized finance innovation. .
Credible's full-stack platform is designed to address the complexities of payments finance with a comprehensive approach.
DeFi for collateral management: Ensuring full transparency in collateral processing and preventing issues similar to those encountered with Celius and BlockFi. This protects the borrower's assets while maintaining trust and accountability. Licensed framework: Operates in compliance with payment, lending, and cryptocurrency regulations tailored to the needs of the borrower and its business jurisdiction. FinTech App: A seamless platform for end users that allows fiat borrowing and repayment. Additionally, Credible provides an SDK for fintech developers to build custom solutions on their infrastructure. Oracle AI for Reputation Building: Aiming to move from over-secured to under-secured and eventually unsecured loans, Credible's AI-powered Oracle integrates similar credit scoring models . To Mr. Fico. The system builds a borrower's on-chain reputation by evaluating wallet activity across DeFi platforms. Transforming PayFi with decentralized innovation
Credible Finance's PayFi solution provides bill payment, payroll, card top-up, and BNPL services to retail and institutional users alike. These services are built on Plume's robust blockchain foundation and are designed to provide a seamless and secure transaction experience.
Credible Finance is building an advanced oracle stack designed to revolutionize on-chain credit scoring and reputation systems. This AI-powered oracle leverages a FICO-like credit scoring model and aggregates wallet and transaction data across DeFi platforms, including platforms other than Credible Finance, to create a transparent and unbiased credit rating. I will. With a long-term vision to move from over-secured loans to under-secured loans and eventually unsecured loans, this system allows borrowers to establish a strong reputation on-chain. Managed by a coalition of partners including Credora, Brickken, DeFactor, and BitSwiss Capital, Credible's oracle stack exemplifies innovation in secure and scalable DeFi infrastructure.
Supporting the next frontier of finance using DeFi
Plume is collaborating with Credible Finance to advance its long-term vision for decentralized, AI-driven credit solutions. By integrating Credible's products across Nest, Plume enables seamless participation in revenue-generating opportunities and enhances access to undersecured and unsecured loans.
“Credible is setting the gold standard for what PayFi can achieve in the decentralized finance space,” said Chris Yin, CEO of Plume Network. “Their success is a testament to the robustness of Plume’s RWAfi infrastructure, which powers innovative solutions that are globally scalable, user-centric, and innovative.”
A shared vision for global impact
Since its private launch, Credible has facilitated $6 million in USDC financing in the past three months, demonstrating strong early adoption and operational efficiency. These transactions, executed on a live network, highlight Credible's ability to deliver impactful and scalable financial solutions. Based in Abu Dhabi, Credible is aggressively expanding its presence in key markets including Singapore, India, Brazil, and the Philippines, and is poised for significant growth and success as it prepares to launch its mainnet. I'm arranging it.
Looking to the future: A decentralized and transparent future of financial services
Plume’s collaboration with Credible highlights the company’s commitment to supporting innovative DeFi solutions that enable liquidity, efficiency, and trust at scale. With a goal of $500 million in transaction volume by 2025, Credible is a testament to PayFi's transformative potential, and visionary platforms like Plume and Credible are working together to reshape the global financial system. It is also a beacon of what is possible when you build.
About Credible
Credible Finance is a full-stack payments finance platform offering bill payment, payroll, card charging, and buy now, pay later (BNPL) solutions. The platform serves both institutional and individual users, providing access to liquidity without liquidating crypto assets held by companies. Credible Finance is building a decentralized financial infrastructure that is secure, efficient, and fully compliant with global regulatory standards, with a focus on AI-driven credit scoring, stablecoin lending, and debt tokenization. . For more information, visit www.credible.finance or follow https://x.com/crediblefin.
About plumes
Plume is the first fully integrated L1 modular blockchain focused on RWAfi, providing a configurable, EVM-compatible environment for onboarding and managing diverse real-world assets. With over 180 projects on the privately developed network, Plume provides an end-to-end tokenization engine and network of financial infrastructure partners to simplify asset onboarding and enable seamless DeFi integration for RWA . For more information, please visit https://www.plumenetwork.xyz/ or contact us. [email protected].
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