Credit systems are absolutely created by the government if they involve the dollar (or other sovereign currency). There is not a bank in the modern world that l

Credit systems are absolutely created by the government if they involve the dollar (or other sovereign currency). There is not a bank in the modern world that lends money. Banks don't lend out existing assets. I'm sure there are crypto systems that create this kind of credit, but "lending out your bitcoin to someone" is very different than how Banks create credit.