Private credit protocols allocate 40% of loans for automotive sector: CoinGecko

Researchers at CoinGecko say 42% of loans from private credit protocols focus on emerging markets, particularly in the automotive sector.

Private credit protocols — like Centrifuge and Goldfinch — allocate over 42% of their outstanding loans to a car financing, CoinGecko has revealed in a recent research report, adding that the sum is totaling more than $196 million in active loans. The surge in auto loans, which reached over $168 million across 60 loans in the past year, is…