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Figure: March loan disbursements first surpass $1 billion
Crypto World News reports that Figure Technology Solutions (FIGR) achieved its first monthly loan issuance of over $1 billion in March 2026, marking a significant milestone in its development. The company’s total loan disbursements in the first quarter reached $2.9 billion, with an annualized loan volume approaching $12 billion. CEO Mike Cagney stated that Figure is rebuilding the infrastructure of the credit market with the goal of creating an efficient credit marketplace that reduces costs associated with traditional intermediaries. Cagney also pointed out that Figure’s three core advantages include lowering costs, increasing liquidity, and expanding investor access. The company has also launched a yield-stablecoin called YLDS and is conducting related projects on the Solana network, with plans to expand to Ethereum. Cagney emphasized that blockchain technology will reallocate capital in public markets, and more industries will disappear as a result of its widespread adoption.