This study examines how blockchain and digital currency have affected the supply of credit and financial stability. It pays particular attention to industry-based analyses and options presented by cryptocurrencies, stablecoins, and digital currencies for the credit supply and financial stability. A positivistic or quantitative research design is employed. The method of data collection is a survey-based questionnaire, as well as the time interval data method, from December 2021 to December 2022. The study sample comprises of five industrial zones of Punjab. The respondents are businessmen, managers, and employees (N = 449). The study finds that the use of various digital currencies quickly transforms business. The study shows that most industries do not require central banks and, instead, concentrate on modern digital currency and blockchain systems for monetary transfers. The private and public models of physical money will likely fail in the future. Rather, central banks should adopt digital currency and blockchain with an online technological payment strategy in order to enhance domestic financial stability and payment systems.

这项研究探讨了区块链和数字货币如何影响信贷供应和金融稳定。它特别关注加密货币、稳定币和数字货币为信贷供应和金融稳定提供的基于行业的分析和选择。采用实证或定量研究设计。数据收集方法为调查问卷法和时间间隔数据法，收集时间为2021年12月至2022年12月。研究样本包括旁遮普邦的五个工业区。受访者包括商人、经理和雇员（N  = 449）。研究发现，各种数字货币的使用迅速改变了业务。研究表明，大多数行业不需要中央银行，而是专注于现代数字货币和区块链系统进行货币转移。私人和公共的实物货币模式未来可能会失败。相反，央行应该采用数字货币和区块链以及在线技术支付策略，以增强国内金融稳定性和支付系统。