Data: Genesis's second-quarter encrypted loan growth reached a record high of $2.3 billion

According to The Block, Genesis Global Trading's loan branch, Genesis Global Capital, continues to expand as loan growth has reached new heights. The company added $746 million in encrypted loans in the second quarter, bringing its total offerings to $2.3 billion since its launch in March 2018. The report attributed the growth in the second quarter to the “strong rise” in dollar and stable currency borrowing and the rise in bitcoin prices. The company's US dollar and stable currency (PAX and USDC) loans now account for nearly a quarter of active books, an increase of more than 100% from the previous quarter.