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This Crypto Project Just Funded 1,000 Student Loans Entirely On-Chain
Decrypt·September 6, 2026·1 min read
Pencil Finance claims it funded 1,000 student loans entirely on-chain for Southeast Asian students, but did not disclose borrower costs, defaults, or investor returns. The project's transparency gaps raise questions about the actual impact and risks of its on-chain lending model.
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