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Each generation has its own P2P From Wenzhou chenghui to CreditEase defaults, and then to DeFi and RWA, this article traces P2P financial evolution over the past century, exploring who ultimately bears trust when money is handed to strangers.

Source: https://www.panewslab.com/zh/articles/01a134a5-9416-7039-b34e-fd5d6913d0fd