Traditional private credit issuance dropped 40% to $44.76B in Q2 2026 as defaults hit 6%, while on-chain tokenized lending surged past $14B in active loans.

Private credit loan issuance fell 40% to $44.76B in Q2 2026 as US default rates hit a record 6%, while tokenized on-chain credit surged past $14B.

Traditional private credit issuance dropped 40% to $44.76B in Q2 2026 as defaults hit 6%, while on-chain tokenized lending surged past $14B in active loans.