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BlackRock Private Credit Fund Limits Withdrawals, Sparking Crypto Contagion Fears
Stress in the $3.5 trillion private credit market could ripple into cryptocurrency and decentralized finance through both macroeconomic contagion and tokenized credit markets, experts warn. BlackRock’s $26 billion private credit fund has begun limiting withdrawals amid rising redemption requests, Reuters reported Friday. The move marks the latest sign of distress in the private credit sector,…
