> Another bought a laptop by taking out a stablecoin loan on a DeFi platform when no bank would lend to him. Could someone explain this to me — I thought that

> Another bought a laptop by taking out a stablecoin loan on a DeFi platform when no bank would lend to him. Could someone explain this to me — I thought that loans on cryptocurrency platforms had to be collateralized by cryptocurrency? How could someone buy a house with a crypto loan if they didn’t already have enough to buy one in the first place?