# Loans Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Loans", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Why Hasn't the U.S. Seen the Rise of 'Huabei' or 'Jiebei'?

The article explores why the U.S. lacks large-scale consumer credit products like China's "Huabei" and "Jiebei," despite having a developed financial sector. Key reasons include: 1. **Structural Barriers**: A fragmented federal and state regulatory system, reinforced by post-2008 reforms like the Dodd-Frank Act, raises compliance costs and protects traditional banks, stifling fintech innovation. 2. **Credit Card Dominance**: Credit cards, used by 70-80% of adults, form a $1.28 trillion debt market with high APRs (avg. 22.3%). This system cross-subsidizes users who pay in full with those carrying balances, creating a predatory yet entrenched ecosystem. 3. **Data Privacy Laws**: Strict regulations (e.g., FCRA, CCPA) prevent tech giants from leveraging behavioral data for credit scoring, unlike in China where such data fuels fintech models. 4. **Capital Market Disincentives**: Wall Street penalizes tech firms entering finance due to lower valuations associated with heavy regulation and risk, as seen in Apple’s failure with Apple Card. 5. **Banking Oligopoly**: Major banks control consumer lending, leveraging lobbying power and consumer habits to maintain high-cost credit, while alternatives like payday loans (400% APR) or "unbanked" services remain niche or exploitative. Ultimately, regulatory, structural, and corporate interests collectively block the emergence of accessible, low-cost digital lending in the U.S.

Odaily星球日报04/24 04:11

Why Hasn't the U.S. Seen the Rise of 'Huabei' or 'Jiebei'?

Odaily星球日报04/24 04:11

AAVE drops 10% – Assessing if $1 trillion in loans can spark rebound

AAVE's price dropped nearly 10% by January 25th, extending its pullback toward the mid-$150s. Despite the decline, selling pressure remained measured, with RSI neutral and MACD showing a weakening bearish trend. Open Interest held steady around $130 million, and Funding Rates stayed positive, indicating traders are not rushing to exit and long positions still dominate. The network is approaching a major milestone of $1 trillion in cumulative loans issued, reflecting frequent liquidity reuse through features like flash loans and multi-chain expansion rather than simple capital inflows. This demonstrates strong on-chain credit demand, reaching volumes comparable to large U.S. banks.

ambcrypto01/25 10:02

AAVE drops 10% – Assessing if $1 trillion in loans can spark rebound

ambcrypto01/25 10:02

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