Traditional lending still runs on spreadsheets, quarterly reviews, and weeks of manual verification. @pactfinance makes credit faster and cheaper. Traditional facilities depend on verification agents, trustees, calculation agents, and valuation agents, each adding costs and delay. Covenant checks happen quarterly. Cash sits idle waiting for manual reconciliation. PACT streamlines all of this onchain. Originators integrate PACT directly into their back office systems and mobile apps. Every borrower receives an onchain stablecoin wallet. Loan signatures, draw requests, and repayments all happen onchain at the source. There is no gap between what the blockchain shows and what actually happened. Origination, collections, and covenant checks all reference the same onchain state. Stablecoin rails connect every participant such as investors, facilities, originators, and borrowers. Capital flows from investors through facilities to originators to borrowers without currency conversion delays or cross border settlement lag. Payments move instantly instead of sitting in holding accounts waiting for manual verification. Borrowing base checks run on every draw request. Covenant monitoring is continuous. Waterfall distributions execute automatically when borrowers pay. If a threshold gets breached, the contract responds immediately. The overhead that priced out smaller lenders disappears when code replaces intermediaries. A $50 loan in Lagos runs through the same infrastructure as a $5 million facility.