Plasma announces partnership with Wildcat to build a transparent private credit layer

Foresight News reported that the Plasma Foundation has announced a partnership with the decentralized credit market WildcatFi to build a transparent private credit layer on Plasma. This aims to support short-term credit required for real-time clearing and promote the development of a new global financial system.

Wildcat is a customizable unsecured credit protocol for institutions, which has facilitated over $165 billions in credit transactions and supports short-term lending models that are not possible in traditional markets, including "overnight" markets that meet T+0/T+1 settlement. Plasma stated that payment financing is crucial for both traditional and stablecoin infrastructures and can accelerate the development of the global payments industry. Wildcat will be the launch partner when the Plasma mainnet beta goes live.