CHIP rebounds as USD.AI pivots to a loan factory
USD.AI active loans dropped ~22% to ~$311 million on Oct. 2 and have been flat since, while CHIP has rebounded ~35% since Oct. 1 to ~5.8 cents (still ~48% below its April high). The catalyst is GLX, a loan-factory model (originate, sell performing loans to institutions, recycle the capital), which could drive a rebound in active loans by recycling capital into new loans without a much bigger balance sheet.

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