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In today's global economy, the efficient flow of cross-border payments is essential for international trade and financial transactions. However, traditional cross-border payment systems have long been plagued by a range of challenges that hinder their effectiveness. These challenges include high costs, slow settlement times, lack of transparency, and limited accessibility. Fortunately, the emergence of digital […]

Lending is - and has always been - one of the most important aspects of financial services. Over the course of history, several of the world’s greatest feats would never have been possible without the input of strong financiers who believed in certain visions and gave the funds for them to be brought into reality.  […]

Arf's Perspective: Yet another so-called “algorithmic stablecoin” breaks the buck by getting caught in the inescapable trap of a bank run as all partially collateralized assets would under just enough market pressure. This time though, it was seen coming from miles away by several cryptocurrency experts since the now fallen stablecoin Terra USD’s (UST) peg […]

Card networks have been the leading players of the payment world since the 1960s. Despite the rapid involvement of new and challenging players, they have maintained their dominance throughout decades and come this far by adding up new offerings with constant innovations. However, especially after the 2010s, the emergence and widespread use of new digital […]

What is a multichain stablecoin? A multichain stablecoin is available on several blockchain networks rather than a single one. Therefore, it can flexibly operate on various blockchains, which reduces the friction of converting a stablecoin across different ones, and helps users access other businesses and applications using different protocols.

Stablecoins can be backed by various sources, including fiat currency, other cryptocurrencies, precious metals, and algorithmic functions. However, their backing source highly impacts their risk level. A fiat-backed stablecoin, for example, is likely more stable because it is linked to a centralized financial system, where a regulating authority like a central bank can intervene in […]

The vast majority of stablecoins today is USD-pegged and expected to be so in the future, as the US dollar continues to be the dominant international reserve currency. IMF reports that, as of May 2021, 59% of all foreign bank reserves are accumulated in US dollars.[1] Although it has dropped to a 25-year low due […]

Neobanks and e-wallets are transforming financial services with the enhanced convenience, user experience, and accessibility they provide. In addition, they are firing up the competition within the industry by offering new products and services every passing day, accelerating the much needed change in the finance ecosystem.

Stablecoins are a type of cryptocurrency whose value is pegged to a real and stable asset like fiat currencies or gold, to stabilize its price.[1] They have all the advantages of a cryptocurrency: inexpensive, borderless, instant, 24/7 available.[2] While covering all advantages, they try to tackle cryptocurrencies’ biggest drawback, high volatility; and reduce the imposed […]