Creditcoin (CTC)

Overview

Creditcoin is a layer-1 blockchain built around a practical question: how can lenders check a borrower’s credit history when that history is spread across companies, countries, and payment systems? Its approach is to record loan activity on a shared ledger. Lenders can use those records to review past borrowing and repayment activity, while borrowers can build a history that is easier to carry between services. Creditcoin’s native token is called CTC. (creditcoin.org)

The network has grown beyond credit records. Its current mainnet supports Ethereum-compatible smart contracts, giving developers a place to build applications that use both financial records and on-chain assets. Creditcoin’s work still centers on lending and financial access, especially in emerging markets, but its tools also support broader applications. (creditcoin.org)

History & Team

From credit records to a general-purpose chain

Tae Oh founded Gluwa, the technology company behind Creditcoin. The project’s early design focused on recording loan agreements and checking investment and repayment transactions across blockchains. Aella, a Nigerian fintech lender, became an important early user of the credit-recording infrastructure. In 2023, Creditcoin announced an investment from Web3 firm DWF Labs to support wider adoption. (creditcoin.org)

Creditcoin has changed its technical design several times. It moved to a Substrate-based chain in 2023 and changed from proof-of-work to nominated proof-of-stake later that year. In August 2024, the team launched a new Ethereum-compatible mainnet. The earlier credit-focused chain was named CC Enterprise. In August 2026, the team reported that its enterprise partners and their loan records had moved to the EVM chain, bringing the established credit service onto the newer network. (creditcoin.org)

Technology & How It Works

A shared record of lending activity

A credit record becomes more useful when another lender can check it. Creditcoin’s original design recorded steps in a loan’s life, including an agreement, funding, and repayment. The network could also verify related transactions on other blockchains. Gluwa’s Credal service gives financial companies an application programming interface, or API, for recording, finding, and checking loan information without building all of that blockchain infrastructure themselves. (creditcoin.org)

A simple example shows the idea. A lender issues a loan through a connected service. Information about that loan and later repayments is recorded on Creditcoin. Another service can then review the on-chain history when assessing future borrowing. A public record makes the recorded events easier to verify, while a lending company still makes its own decisions about whether to offer credit.

Two account types on one network

Creditcoin combines Substrate technology with an Ethereum Virtual Machine, or EVM. The EVM lets developers use familiar Ethereum tools and programming languages to create smart contracts. Substrate accounts handle activities such as staking, while EVM accounts interact with smart contracts and application tokens. Credit Wallet can move mainnet CTC between these two account types. (docs.creditcoin.org)

Validators help produce blocks and confirm transactions. Under nominated proof-of-stake, CTC holders can back validators by staking tokens. The EVM side relies on this network consensus rather than running a separate set of validators. (docs.creditcoin.org)

In June 2026, Creditcoin added a cross-chain feature called Universal Smart Contract readability. A contract on Creditcoin can use cryptographic proofs to check transaction data from Ethereum mainnet and then act on the verified information. For example, an Ethereum loan repayment could prompt an application on Creditcoin to update a credit record. This first mainnet release focuses on reading and verifying Ethereum activity. (creditcoin.org)

Tokenomics & Utility

What CTC does

Mainnet CTC pays network transaction fees and supports staking. Validators receive CTC rewards for producing blocks and may share rewards with the holders who nominate them. CTC on the EVM side pays for smart-contract activity, including interactions with decentralized applications. Native CTC on the Substrate side is used for staking and its associated network actions. (docs.creditcoin.org)

Creditcoin also has an Ethereum ERC-20 asset known as G-CRE, commonly listed under the CTC ticker on centralized exchanges. It can be swapped into mainnet CTC through the project’s swap tool. A wrapped version, WCTC, supports transfers between Creditcoin and other supported networks. These forms serve different purposes, so the network and asset type matter when moving tokens. (docs.creditcoin.org)

The original ERC-20 allocation totaled 600 million tokens: 200 million for investors, 300 million for Gluwa, and 100 million for the Creditcoin Foundation, each with a stated vesting schedule. Mainnet CTC follows a different model. It is issued through network rewards and does not have the ERC-20 token’s fixed supply cap. Creditcoin’s published tokenomics also describe transaction fees being burned, meaning those tokens are removed from circulation. (creditcoin.org)

Ecosystem & Use Cases

Lending, applications, and developer tools

Credit records remain Creditcoin’s best-established use case. Aella has used Credal to record microloan activity, and Creditcoin reports more than five million loan transactions and over $100 million in loans recorded through its credit infrastructure. These figures describe lending activity recorded on the network, rather than the value of CTC tokens. (creditcoin.org)

The EVM mainnet gives builders more ways to use that infrastructure. A lending application can combine credit records with smart contracts, while another application can use verified activity from Ethereum to guide actions on Creditcoin. The project also has applications outside lending: PenguinSwap is a decentralized exchange for ecosystem tokens, and PenguinBase brings together applications, games, NFTs, and community activities. (creditcoin.org)

Creditcoin’s Ecosystem Investment Program, run by Credit Labs, supports teams building products that add to the network. Its stated funding commitment is $10 million over three years. Together, the credit API, EVM tools, and builder program show how the project is trying to connect its original lending purpose with a wider application ecosystem. (creditcoin.org)

Advantages & Challenges

What the design offers

A shared ledger gives lenders a way to review recorded credit events without relying only on one company’s private database. It may also help a borrower carry a record between connected services. EVM compatibility makes Creditcoin easier for developers already familiar with Ethereum to build on, and its cross-chain tools let applications respond to verified activity beyond Creditcoin itself. (creditcoin.org)

The harder part is turning recorded events into useful credit decisions. A blockchain can preserve and verify what was submitted to it, but lenders still need reliable information about borrowers and clear ways to interpret loan records. Creditcoin’s success in that area depends on financial companies continuing to use Credal and on developers creating services that make practical use of the data. Its multiple CTC forms also add a learning step for people moving assets between Ethereum, Creditcoin’s EVM accounts, and its native staking accounts. (creditcoin.org)

Where to Buy & Wallets

Creditcoin can be purchased as CTC on Kraken and KuCoin. The exchange-listed asset is the Ethereum ERC-20 form associated with G-CRE. WCTC is also available through Uniswap. Exchange and wallet support can vary by location and by token network. (blog.kraken.com)

Credit Wallet is Creditcoin’s mobile wallet for managing assets and transferring mainnet CTC between native and EVM addresses. MetaMask supports Creditcoin’s EVM network, while SubWallet and Talisman support both Substrate and EVM functions. For staking, CTC must be in its native form; for EVM applications, it must be available to the EVM account. (docs.creditcoin.org)

Regulatory & Compliance

Creditcoin’s legal treatment depends on the activity and jurisdiction. In the United States, securities rules can apply to a crypto-asset offering or lending arrangement based on how it is structured. Businesses that exchange or transmit virtual currency may also fall under financial-crime compliance rules. In the European Union, the Markets in Crypto-Assets framework sets requirements for covered crypto-asset services. Nigeria has rules for virtual-asset service providers and digital-asset offerings, relevant to businesses operating in a market where Creditcoin’s lending infrastructure has been used. These frameworks address the services and transactions involved; they do not give one blanket status to every use of CTC. (sec.gov)

Creditcoin’s published materials do not establish a project-wide Shariah certification. Its original lending design included repayment above the amount lent—interest-bearing lending—which conflicts with the Islamic finance prohibition on riba. Shariah assessment of a particular use of CTC therefore calls for attention to the underlying activity: paying a network fee, staking, and taking part in a loan are different transactions. (creditcoin.org)

Future Outlook

Creditcoin’s next stage rests on bringing its established credit-recording work into applications built on the EVM mainnet. The migration of enterprise lending records provides one foundation. Ethereum transaction verification provides another, allowing developers to link activity on that chain to actions on Creditcoin. Future work may expand those cross-chain tools and make the credit infrastructure easier to use in new lending applications. (creditcoin.org)

The measure of that direction will be practical use: more lenders recording meaningful credit activity and more applications giving people a reason to use the network. Creditcoin has a defined starting point in real-world lending, alongside a newer set of tools for developers.

Summary

Creditcoin began as a shared record for loans and has developed into an EVM-compatible blockchain. CTC powers fees, staking, and applications across its native and EVM environments. The project’s distinctive role is linking verifiable credit history with tools that can build on that history, both on Creditcoin and through verified activity from other chains. (creditcoin.org)