The global payment circulation volume approaches 200 trillion USD annually.

But trillions of dollars are locked up. Why? Because settlements take time, but funds are urgently needed.

On the surface, it's a payment issue. In reality, it's a credit issue.

PayFi requires short-term credit to bridge the gap in payment settlements. Traditional finance needs accounts receivable as collateral. DeFi has liquidity, so what's the problem—

The current situation is like this: DeFi's stablecoins are stuck in a small circle within the crypto ecosystem, unable to move out; payment and trading companies are forced to freeze capital during settlement periods.

What is missing? It's that kind of short-term, self-liquidating, truly receivables-backed credit product.

Kred aims to fill this gap.

Kred's logic is straightforward: Accounts receivable → Collateral → Credit limit → Settlement completed → Loan repayment.

DeFi stablecoins provide upfront funding to payees, who repay after customer settlement. Liquidity circulates, and returns are generated from actual repayment activities.

The key is that this model connects two worlds: DeFi liquidity pools and real payment and trading scenarios. The rules are transparent and controllable, with repayment paths embedded within.